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    OFF-MARKET
    Land

    911 Fl-48, Groveland, FL 34736

    60 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 60 ac (2,613,600 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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