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    OFF-MARKET
    Land

    0 Miller Blvd, Fruitland Park, FL 34731

    60 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 60-acre parcel in Fruitland Park, Florida, presents a remarkable investment opportunity. Located in Lake County, at 34731 Miller Blvd, this commercially zoned land is already entitled for a 900-unit mixed-use development specifically designed for a 55+ community. The property boasts a Planned Unit Development (PUD) designation, allowing for a diverse range of housing options. Permitted uses include single-family attached and detached homes, duplexes, and multi-family dwellings, with a maximum density of up to 15 dwelling units per acre. The development plan aligns with R-15 zoning regulations. Infrastructure is in place, including a gravity sewer system leading to a lift station, ensuring efficient waste management. The property also features a full opening median with left-in and left-out access, enhancing traffic flow and accessibility. Its strategic location adjacent to The Villages further enhances its desirability and potential for strong returns. The asking price for this prime development site is $12,000,000. All uses are consistent with a Continuing Care Retirement Community (CCRC). This is a rare opportunity to acquire a large, well-positioned tract of land with existing entitlements, ready for immediate development in a thriving senior living market. The property's location and existing infrastructure make it an ideal candidate for a large-scale senior housing project.

    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
    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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