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    Orange Ave Eustis, FL 32726

    Sponsored
    For Sale
    $4,200,000

    17.5-Acre Mixed-Use Development in Eustis, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17.5-acre mixed-use development opportunity in Eustis, Florida, presents a compelling investment prospect. Located on a highly desirable corner lot (Parcel# 07-19-37-000100000300) at E Orange Ave, this property boasts a concept plan already approved for a vibrant mixed-use project. The approved plan encompasses multi-family residential (202 units with a 12:1 density), commercial, and retail components. Situated in Lake County, the property is high and dry, offering a secure foundation for development. A comprehensive data room is available, providing access to all relevant documents, including approvals, site plans, renderings, financial projections, construction budgets, pro-formas, and engineering reports. Complete construction entitlements are currently underway with the city. Independent assessments place the as-is value with entitlements at $6,000,000 and the improved future value at $8,100,000. The property is zoned for mixed-use and residential development. C-PACE equity financing is also a possibility. This is a turnkey opportunity for developers seeking a prime location and a streamlined development process. The asking price for this remarkable property is $4,200,000.

    Property Features for 0 Orange Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    762,300 SF

    HighLights

    • $4,200,000 asking price.
    • 17.5‑acre mixed‑use development site in Eustis, Florida.
    • Concept plan approved for multifamily (202 units), commercial, and retail uses.
    • Located on a highly desirable corner lot in Lake County, FL (Parcel# 07‑19‑37‑000100000300).
    • Zoned for mixed‑use and residential development.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.6522534
    Latitude
    28.8536649

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    FAQs

    What type of property is this?
    Multifamily property - 17.5-Acre Mixed-Use Development in Eustis, FL
    Where is this multifamily property located?
    The property is located at Orange Ave Eustis, FL.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: $4,200,000 asking price.; 17.5-acre mixed-use development site in Eustis, Florida.; Concept plan approved for multifamily (202 units), commercial, and retail uses.
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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
    Orange Ave Eustis, FL 32726
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