Current Use by Public Records
- Land
Property Details for 24439 Sorrento Ave
- Lot size
- 1.37 lot acres
- Property type
- Land
Description
This exceptional 1.37-acre commercial land parcel presents a rare shovel-ready opportunity in Lake County, Florida. Located at the hard corner of a signalized intersection of SR 46 and CR 437 in Sorrento, this property boasts 709 feet of combined frontage. Zoned R-6, it allows for a wide range of commercial uses permitted under Lake County's Land Development Code, with maximum allowable impervious coverage and minimal setbacks. The site is already graded to road level, minimizing site preparation costs and expediting development. This prime location benefits from high traffic counts (14,500 AADT on SR 46 and 13,200 AADT on CR 437), placing it within the rapidly growing Orlando-Kissimmee MSA, the third largest in Florida. The area is experiencing significant population growth and boasts a low unemployment rate. Furthermore, the property's strategic location is enhanced by ongoing road development projects, including the Wekiva Parkway expansion, which will significantly improve regional connectivity and accessibility. This is an ideal investment for developers seeking a prime location with minimal development hurdles in a thriving market. The property is offered at $1,000,000 and is held in fee simple. The APN is 30-19-28-0400-008-01400. The property consists of four lots creating a hard corner on the northwest side of the intersection.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sorrento
- County
- Lake
- State
- Florida
- Longitude
- -81.5523
- Latitude
- 28.8081
