W OAK TERRACE DRIVE LEESBURG, FL - Image 1W OAK TERRACE DRIVE LEESBURG, FL - Image 2W OAK TERRACE DRIVE LEESBURG, FL - Image 3W OAK TERRACE DRIVE LEESBURG, FL - Image 4W OAK TERRACE DRIVE LEESBURG, FL - Image 5W OAK TERRACE DRIVE LEESBURG, FL - Image 6W OAK TERRACE DRIVE LEESBURG, FL - Image 7W OAK TERRACE DRIVE LEESBURG, FL - Image 8

$475,000

0 Beds 0 Baths 0 SQFT 2.68 Acres
Type: Land

W OAK TERRACE DRIVE
LEESBURG, FL 34748

MLS#: G5116812
Rashawn Shaver
Rashawn Shaver
The Real Estate Advantage
Phone: 161.270.1413
Office: 651.272.4688
Presented by: CARLINO REAL ESTATE GROUP INC with 352-326-2662. - 352-326-2662

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!


 

Interior Features

Bathrooms

Total Baths0

General

Additional Parcels Y/NNo
Building Area Units0 sqft
CityLEESBURG
CountyLake
DirectionsFrom the turnpike head north on Hwy 27, turn right on Dixie Ave, Left on N Canal St, left on Hwy 441, right on 3rd st , and a left on Oak Terrace Dr.
Flood Zone CodeX
Flood Zone Code XY
Legal DescriptionLEESBURG 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
Listing TermsCash, Conventional
Living Area Units0 sqft
Lot Size Square Feet116,741 sqft
Lot Size UnitsAcres
MLS Area34748 - Leesburg
OwnershipFee Simple
Property TypeLand
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameLEESBURG N C LEE ESTATE
Tax Annual Amount$10,484
Tax Lot4
Tax Year2024
UtilitiesSewer Nearby, Water Nearby
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
ZoningR-3

Exterior

Lot Dimensions424 x 276
Lot Size Acres2.68
Lot Size Area2 sqft
Road Frontage TypeCity Street
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$475,000

0 Beds 0 Baths 0 SQFT 2.68 Acres
Type: Land

W OAK TERRACE DRIVE
LEESBURG, FL 34748

MLS#: G5116812
Rashawn Shaver
Rashawn Shaver
The Real Estate Advantage
Phone: 161.270.1413
Office: 651.272.4688