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    OFF-MARKET
    Land

    0 Lucas St, Leesburg, FL 34748

    2.63 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.63-acre commercial land parcel in Leesburg, Florida, presents a remarkable opportunity for multi-family development. Zoned R-2, it's fully entitled for a 20-unit project, offering significant potential for a substantial return on investment. Located in Lake County, at the address of Lucas St, zip code 34748, this property boasts a prime location within walking distance of Leesburg Elementary School, Oak Park Middle School, Leesburg High School, and UF Health Leesburg Hospital, ensuring high demand and strong rental prospects. City utilities are readily available. The seller provides surveys and a Conditional Use Permit (CUP) to facilitate a smooth transaction. Additional information is available upon request. The asking price is $319,000, translating to approximately $2.78 per square foot. The property is situated within city limits and features paved street access. While the listing indicates potential for additional land acquisition to increase unit count, the current offering encompasses 2.63 acres. All offers will be considered. This is a rare opportunity to acquire a well-located, fully entitled multi-family development site in a thriving community. The property's APN is 27-19-24-2200-00A-00700.

    Property profile
    Verified
    Property type Land
    Lot 2.63 ac (114,563 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
    AI Approach AI
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    CAP Approach CAP
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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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