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    44 Leg A Fruitland Park, FL 34788

    Sponsored
    For Sale
    $2,299,000

    High & dry, C-3 zoned, multi-family potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11+/- acre property in Leesburg, Florida, presents a remarkable investment opportunity. Zoned C-3, it's ideally suited for a variety of commercial and multi-family developments. The high and dry land boasts convenient access to County Road 44 and County Road 44 Leg A, ensuring excellent visibility and accessibility. With utilities readily available, this site is primed for immediate development. The C-3 zoning allows for diverse uses, including multi-family housing (potentially 190-200 units), medical facilities, commercial spaces, offices, or retail establishments. Located on a busy corridor of CR 44, experiencing over 11,000 average daily trips according to FDOT, this site benefits from high traffic volume. Its strategic location between two award-winning hospitals – UF Health Leesburg and AdventHealth Waterman in Tavares – further enhances its appeal. The property is also conveniently situated less than an hour from Orlando and The Villages, offering access to a large and growing population base. This prime location, just off US Highway 441, presents a unique chance to capitalize on the thriving Central Florida market. The APN is 1273901. The asking price is $2,299,000. All information is believed to be accurate but is not guaranteed and is subject to change.

    Property Features for 44 Leg A

    General Information

    Property type
    Land
    Lot Size
    479,160 SF

    HighLights

    • 11+ acre C‑3 zoned commercial parcel in Leesburg, FL.
    • Potential for 190‑200 multi‑family units.
    • Located in Leesburg, FL.
    • Utilities readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fruitland Park
    County
    FL
    State
    Florida
    Longitude
    -81.822479929866
    Latitude
    28.834369035441

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    FAQs

    What type of property is this?
    Land - High & dry, C-3 zoned, multi-family potential.
    Where is this land located?
    The property is located at 44 Leg A Fruitland Park, FL.
    What is the asking price?
    The asking price for this property is $2,299,000.
    What are key features of this property?
    This property features: 11+ acre C-3 zoned commercial parcel in Leesburg, FL.; Potential for 190-200 multi-family units.; Located in Leesburg, FL.
    (352) 396-9136
    Request Owner's contact information
    44 Leg A Fruitland Park, FL 34788
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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
    44 Leg A Fruitland Park, FL 34788
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