Property summary
This exceptional 60-acre commercial land parcel presents a remarkable investment opportunity in rapidly growing Groveland, Florida. Strategically located at 911 FL-48, 34736, this property boasts three boundaries directly adjacent to The Villages' expansion areas, offering unparalleled potential for future development. The Villages is currently pursuing entitlements with the City of Leesburg for a substantial 4,200-acre expansion project known as "Secret Promise," further enhancing the property's value and prospects. Convenient access to major transportation arteries, including the Florida Turnpike and I-75, adds to its appeal. Currently zoned AG, the property benefits from the proximity of City of Leesburg utilities and a receptive attitude towards annexation and entitlements for future development. Lake County Property Appraiser Alternate Keys: 1701333, 3794012. The asking price for this significant land holding is $4,500,000. This presents a unique chance to capitalize on the explosive growth surrounding The Villages and secure a prime position in a thriving Florida market. The property's location, size, and adjacency to a major planned expansion make it an ideal candidate for a variety of commercial ventures.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Party Supply Store (Bike/Boat/Book/etc) Store
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Big Box & Wholesale Store
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Hat Shop
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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