Connell Rd Leesburg, FL 34748
- Mixed-use properties
- 18.86 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 0 Connell Rd
- Lot size
- 18.86 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 18.86-acre property in Leesburg, Florida, presents a compelling mixed-use development opportunity. Located on Connell Rd, 34748, in Lake County, this land is zoned for multi-use development, offering significant flexibility for various commercial and residential projects. The asking price is $4,000,000, translating to $212,089 per acre. The property's strategic location provides strong visibility on N Hwy 27, boasting a high average daily traffic count of 42,500 vehicles. Its proximity to major transportation routes and a thriving business community enhances its appeal. This site is situated within a Federal Opportunity Zone, presenting additional investment incentives. The property's potential includes the development of multi-family housing, townhomes, build-to-rent units, or commercial ventures, requiring a dual mixed-use approach. Detailed legal descriptions and survey information are available to support due diligence. This offering represents a rare chance to capitalize on Leesburg's growth and create a significant return on investment. The property's location and zoning provide a strong foundation for a successful development project. The substantial lot size and high traffic count make this an attractive opportunity for developers seeking a prime location in a rapidly growing area.
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
- -81.8877
- Latitude
- 28.7752
