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    3601 County Road 48 Okahumpka, FL 34762

    Sponsored
    For Sale
    $1,500,000

    1.6-Acre Commercial Land, High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.6-acre commercial lot in Okahumpka, Florida, presents a unique investment opportunity. Located at the hard corner intersection of County Road 48, this property benefits from high visibility and convenient access. Zoned CP - FLU - Urban Medium R6, it's ideally situated between the Florida Turnpike (2.75 miles west) and Highway 27 (1 mile east), placing it within a rapidly developing corridor of Lake County. The area boasts significant growth, with major grocery stores, fast-food restaurants, and mixed-use plazas already established nearby. Water and sewer are readily available at the intersection. A Phase 1 environmental site assessment and survey were completed in April 2022. The property's strategic location, coupled with its proximity to The Villages and the planned incorporation into the City of Leesburg, makes it an exceptional prospect for commercial development. The asking price is $1,500,000, representing a price per acre of $937,500. The APN is 15-20-24-0001-000-05900. This lighted intersection offers excellent visibility and accessibility, making it an attractive location for a variety of commercial ventures.

    Property Features for 3601 County Road 48

    General Information

    Property type
    Individual retail properties
    Lot Size
    69,696 SF

    HighLights

    • Water and sewer available.
    • Phase I environmental and survey completed April 2022.
    • High‑visibility hard corner lot at a lighted intersection.
    • 2.75 miles to the Florida Turnpike.
    • One mile to Hwy 27, major grocery stores, fast food, and gas stations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okahumpka
    County
    Lake
    State
    Florida
    Longitude
    -81.894202787084
    Latitude
    28.747726692998

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    FAQs

    What type of property is this?
    Individual retail property - 1.6-Acre Commercial Land, High Growth Area
    Where is this individual retail property located?
    The property is located at 3601 County Road 48 Okahumpka, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Water and sewer available.; Phase I environmental and survey completed April 2022.; High-visibility hard corner lot at a lighted intersection.
    Request Owner's contact information
    3601 County Road 48 Okahumpka, FL 34762
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    Okahumpka, FL 34762
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3601 County Road 48 Okahumpka, FL 34762
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