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    OFF-MARKET
    Land

    0 Clark St, Leesburg, FL 34748

    15.48 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 15.48-acre commercial land parcel in Leesburg, Florida, presents a unique investment opportunity. Located in Lake County, zip code 34748, this PUD (Planned Unit Development) zoned property is ideally situated within a larger mixed-use development, offering significant advantages. The site is essentially pad-ready, benefiting from existing infrastructure already in place as part of the larger project. Plans call for the construction of 11 three-story apartment buildings, totaling 264 units (278,850 square feet of Net Rentable Area), encompassing one, two, and three-bedroom units, along with a clubhouse/leasing/activities building. This development is strategically positioned within a larger master-planned community, which includes a 163-unit senior living facility, a 105-room Marriott Town Place Suites hotel, 93,000 square feet of medical office space, 20,000 square feet of retail space, and a 40,000 square foot UF Health facility. The property's prime location and inclusion within this thriving mixed-use environment offer significant potential for substantial returns. The asking price is $10,000,000

    Property profile
    Verified
    Property type Land
    Lot 15.48 ac (674,309 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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