0 Phelps St Groveland, FL 34736

This exceptional .29-acre commercial land parcel presents a unique investment opportunity in the heart of Groveland, Florida. Located on W Phelps St, this property boasts approximately 185 feet of frontage on Highway 19 and approximately 135 feet on Phelps St, offering significant visibility and accessibility. The site is situated within the Downtown CRA Development District, placing it in a prime location for commercial development within the town core. Its proximity to Highway 19 and its relative closeness to Highway 50 further enhance its strategic location. The property is zoned R-2, providing flexibility for various commercial uses. It's important to note that a proposed highway bypass may impact the lot's future, potentially transforming it into a corner lot at a major intersection. This presents both opportunity and risk, as the property is also identified as a possible eminent domain site. The fee simple ownership provides complete control and potential for long-term growth. Serious inquiries are encouraged to fully assess the potential and challenges associated with this strategically located commercial land. The property's address is W Phelps St, Groveland, FL 34736, and the asking price is $299,000.