Olympus Vlg Four Corners, FL 34714
- Land
- 9.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Olympus Vlg
- Lot size
- 9.00 lot acres
- Property type
- Land
Description
This exceptional 9-acre commercial land parcel in Clermont, Florida, presents a prime multifamily development opportunity. Located in the Olympus Village, within the Wellness Way development corridor, this property boasts pre-approved entitlements for 283 multifamily units and up to 20,000 square feet of commercial space. The Planned Unit Development (PUD) and entitlements are already in place, eliminating the need for further approvals from the City of Clermont, allowing for a fast-tracked construction timeline. This site benefits from the strong demand for rental housing in Lake County, fueled by growth in neighboring areas like Horizon West and Hamlin. The current shortage of apartment communities and rising rents create a highly favorable market. The property's proximity to the new 515 Expressway (less than 3 miles) provides excellent connectivity to major roadways like Highway 27 and SR 429. This is one of the few Clermont sites with existing multifamily approvals, situated amidst significant single-family home development. The inclusion of up to 20,000 square feet of commercial entitlements offers the potential for a mixed-use development, further enhancing its value and appeal. This is a truly unique opportunity to capitalize on the thriving Clermont market. The property is zoned C.
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
- Four Corners
- County
- State
- Florida
- Longitude
- -81.7191
- Latitude
- 28.4671
