Us Highway 27 Leesburg, FL 34748
- Retail properties
- 205.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Us Highway 27
- Lot size
- 205.30 lot acres
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 205.3-acre mixed-use development opportunity in Leesburg, Florida, is strategically located on US Highway 27, offering significant road frontage on US Highway 27, the Florida Turnpike, and Bridges Road. The property, comprised of five parcels (APN: 012124000400001300, 012124000400000900, 012124000400001000, 062125000300000400, 012124000100000100), is zoned FLU: Urban Low/Regional Office, allowing for a variety of development options. Its proximity to established retirement communities and new residential developments within the Orlando Metro Area ensures a strong market for both residential and commercial projects. The site boasts 90.6% uplands and access to City of Leesburg water and sewer services. With an estimated potential of over 1,000 net residential units at a density of 8 units per acre, and a daily traffic count exceeding 29,000 vehicles on US Highway 27, this property presents a compelling investment opportunity for single-family, multi-family, and commercial development. The asking price is $18,000,000, translating to $87,677 per acre. This is a rare chance to acquire a large-scale development site in a high-growth area.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.8785
- Latitude
- 28.7558
