Montclair Rd Leesburg, FL 34748
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 0 Montclair Rd
- Property type
- Apartment buildings
Description
This exceptional multifamily development opportunity in Leesburg, Florida, presents a compelling investment prospect. Situated on just under six acres, with an additional three acres available, this property is ideally positioned for a thriving 55+ community. The site has already received entitlements for a 96-unit multifamily development, boasting an approved density of 15.6 units per acre within the City of Leesburg. This pre-approved plan significantly streamlines the development process, reducing time and potential hurdles. The asking price for this prime parcel is $761,800. Prospective buyers are advised to independently verify Planned Unit Development (PUD) details with Lake County. The property's location on Montclair Road, Leesburg, FL 34748 (28.817434, -81.9012477), offers convenient access to local amenities and infrastructure. This is a rare chance to acquire a ready-to-develop site with significant upside potential in a growing Florida market. The existing approvals and substantial acreage make this an attractive investment for experienced developers seeking a high-return multifamily project. The property is classified as an apartment building and is being offered as a multifamily investment. Don't miss this opportunity to capitalize on the strong demand for senior living communities in this desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.9012
- Latitude
- 28.8174
