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    Lucas St Leesburg, FL 34748

    Sponsored
    For Sale
    $319,000

    2.63-acre commercial lot, R-2 zoning, 20-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.63-acre commercial land parcel in Leesburg, Florida, presents a remarkable opportunity for multi-family development. Zoned R-2, it's fully entitled for a 20-unit project, offering significant potential for a substantial return on investment. Located in Lake County, at the address of Lucas St, zip code 34748, this property boasts a prime location within walking distance of Leesburg Elementary School, Oak Park Middle School, Leesburg High School, and UF Health Leesburg Hospital, ensuring high demand and strong rental prospects. City utilities are readily available. The seller provides surveys and a Conditional Use Permit (CUP) to facilitate a smooth transaction. Additional information is available upon request. The asking price is $319,000, translating to approximately $2.78 per square foot. The property is situated within city limits and features paved street access. While the listing indicates potential for additional land acquisition to increase unit count, the current offering encompasses 2.63 acres. All offers will be considered. This is a rare opportunity to acquire a well-located, fully entitled multi-family development site in a thriving community. The property's APN is 27-19-24-2200-00A-00700.

    Property Features for 0 Lucas St

    General Information

    Property type
    Land
    Lot Size
    114,563 SF

    HighLights

    • Commercial Land Parcel; 2.63 Acres
    • Paved Street Access, City Limits
    • No Special Sale Provisions
    • Days on Market: 4
    • List Price: $319,000; $2.78/SF
    • Listed June 13, 2019
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.894141
    Latitude
    28.800259

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    FAQs

    What type of property is this?
    Land - 2.63-acre commercial lot, R-2 zoning, 20-unit potential.
    Where is this land located?
    The property is located at Lucas St Leesburg, FL.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: Commercial Land Parcel; 2.63 Acres; Paved Street Access, City Limits; No Special Sale Provisions
    (352) 396-9136
    Request Owner's contact information
    Lucas St Leesburg, FL 34748
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    Leesburg, FL 34748
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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
    Lucas St Leesburg, FL 34748
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