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    Highway 50 Clermont, FL 34711

    Sponsored
    For Sale
    $6,500,000

    17 Acres, High-Traffic Location, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 17.68-acre commercial development parcel presents a unique investment opportunity in Clermont, Florida. Strategically located on East Highway 50, this property boasts 1,675 feet of prime frontage, ensuring unparalleled visibility to the 48,000 vehicles that traverse this busy thoroughfare daily. Its ideal position directly across from Lowe's, Dick's Sporting Goods, and Hobby Lobby guarantees high traffic and strong brand recognition. The site is zoned UE (City of Clermont), permitting a diverse range of development options, including Planned Unit Developments (PUDs), retail, residential, mixed-use, and multifamily projects. This versatile zoning, coupled with the property's substantial size, allows for significant flexibility in project design and scale. The location offers exceptional demographics, with over 27,000 people residing within a two-mile radius and a median household income exceeding $62,000 within a ten-minute drive. Furthermore, essential utilities—water, sewer, power, and internet—are readily available on-site, streamlining the development process. The asking price for this remarkable property is $6,500,000. Parcel numbers include 2665769, 3877821, 1695830, 1695821, 1695856, 1695864, and 3880875.

    Property Features for 0 Highway 50

    General Information

    Property type
    Land
    Lot Size
    770,141 SF

    HighLights

    • High‑visibility location on SR 50 across from Lowe's, Dick's Sporting Goods, and Hobby Lobby.
    • UE zoning allows for PUD, retail, residential, mixed‑use, and multifamily development.
    • 1,675 feet of frontage on Hwy 50.
    • 48,000 vehicles daily traffic count.
    • On‑site utilities: water, sewer, power, and internet.
    • 17.68‑acre parcel; $6,500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.732606598412
    Latitude
    28.546694752871

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    FAQs

    What type of property is this?
    Land - 17 Acres, High-Traffic Location, Mixed-Use Potential
    Where is this land located?
    The property is located at Highway 50 Clermont, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: High-visibility location on SR 50 across from Lowe's, Dick's Sporting Goods, and Hobby Lobby.; UE zoning allows for PUD, retail, residential, mixed-use, and multifamily development.; 1,675 feet of frontage on Hwy 50.
    (352) 267-5900
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    Highway 50 Clermont, FL 34711
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    Clermont, FL 34711
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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
    Highway 50 Clermont, FL 34711
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