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0 Us-27 Leesburg, FL 34748

OFF-MARKET Land Google Maps
4.43 ac lot
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 4.43-acre property boasts a prime location at the intersection of US Highway 27 and Howard Road in Leesburg, Florida. Offering over 300 feet of Lake Harris frontage and over 940 feet of US Highway 27 frontage, this site provides unparalleled visibility and accessibility. The C-3 zoning allows for a diverse range of commercial and residential uses, including hotels, restaurants, marinas, offices, and multi-family developments. The comprehensive plan permits up to 18 units per acre, presenting significant development potential. This location benefits from high traffic counts, with an average of 37,500 vehicles daily on US Highway 27. Its proximity to major transportation arteries like I-75, the Florida Turnpike, and US 441, as well as popular destinations such as The Villages, Orlando, and Disney World (all within an hour's drive), further enhances its desirability. The property is situated on the Harris Chain of Lakes, renowned for its championship fishing and stunning natural beauty. The area also offers world-class golfing and is near the rapidly expanding Lake Denham Estates and The Villages, adding to the long-term growth potential. The property's APN is 02-20-24-000200000501, and it is offered for sale at $1,599,000 as a fee simple ownership. This is a rare opportunity to acquire a significant commercial and residential development site in a high-growth area of Central Florida.

Property profile

Verified
Property type Land
Lot 4.43 ac (192,971 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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