0 Clark St, Leesburg, FL 34748
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.