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    OFF-MARKET
    Land

    0 Olympus Vlg, Four Corners, FL 34714

    9 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 9 ac (392,040 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
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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