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W Oak Terrace Drive, Leesburg, FL 34748

$475,000
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List Price
$475,000
Status
Active
Days on Market
56
MLS#
G5116812
Lot Size
116,741
Acres
2.68
Total Acreage
2 to less than 5
Legal Subdivision Name
Leesburg N C Lee Estate
MLS Area Major
Leesburg
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Property Description

This prime 2.68-acre Zoned R-3/High-Density Residential with 424 +/- feet of road frontage could potentially allow for the approval of up to 48 units, making it ideal for a multi-family or townhome project. The property is clear and ready for development, having previously housed a commercial building that was removed in 2009. The entire lot is high and dry with City of Leesburg utilities available at the street. Leesburg, FL, has experienced substantial growth, leading to increased demand for affordable housing. This demand is further fueled by several large employers situated near the property. The 48-unit apartment complex just to the west of this property is also available for purchase. This exceptional property presents a rare development opportunity you will not want to miss. Call today for more information!

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Additional Information

Taxes
$10484
Community Features
No Deed Restriction
Zoning
R-3
Utilities
Sewer Nearby, Water Nearby
Pool
No Pool
Flood Zone Code
X
Parcel ID
23-19-24-1100-000-00443
Legal Description
LEESBURG N C LEE ESTATE E 455 FT OF W 1367.05 FT OF LOT 4--LESS S 280 FT & LESS W 30 FT FOR RD R/W--PB 1 PG 75 ORB 4883 PG 1295
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Listing courtesy of CARLINO REAL ESTATE GROUP INC. 352-326-2662

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