700 Physician Ct, Leesburg, FL 34748
This exceptional 0.52-acre lot in Leesburg, Florida, presents a prime development opportunity for medical or professional use. Located at the corner of Physicians Court and Medical Plaza Drive in Lake County (zip code 34748), this R3-zoned property is situated within a thriving medical district, surrounded by established medical and professional buildings. Its strategic location offers easy access to Downtown Leesburg (3 minutes away) and the picturesque Lake Harris (2 minutes away). The asking price is $299,000, representing a land value of $575,000 per acre. This ready-to-build lot provides a unique chance to establish a new medical office, assisted living facility, or other healthcare practice in a rapidly growing community. The property's high visibility and convenient location make it an attractive investment for those seeking to capitalize on Leesburg's expanding healthcare sector. This is a rare opportunity to build a cornerstone in Leesburg's professional landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.