2303 Orange AveEustis, FL 32726

Property Details for 2303 Orange Ave

Year built

1945

Construction

WOOD FRAME

Lot size

13.82 AC

Property size (Sq ft)

2,777 SF

Property type

Land

Property subtype

Commercial land

APN

12-19-26-0001-000-10000

APU

121926000100010000

Description

This exceptional 13.82-acre lakefront property in Eustis, Florida, presents a unique mixed-use development opportunity. Located on Lake Willie at 2303 E Orange Ave, the parcel (12-19-26-0001-000-10000) boasts over 900 feet of desirable waterfront. A concept plan, approved by the City of Eustis, allows for a substantial development, currently designed for 132 residential units and 10,500 square feet of commercial space, reflecting a 12:1 density. The property benefits from convenient access to city water, sewer, electric, and natural gas services on two sides. A comprehensive data room is available, containing entitlements, renderings, site plans, third-party reports, financial projections, engineering studies, and construction budgets. This prime development site offers significant potential, further enhanced by the possibility of tax incentives and C-PACE equity financing. The asking price is $3,500,000, while a recent Broker Price Opinion and appraisal valued the property at $7,734,985. This presents a compelling investment opportunity for developers seeking a high-value, mixed-use project in a desirable Florida location.

• Alternative Use

  Use

  Valuation

  Residential

  $605,243

  Hospitality

  $554,399

  Educational

  $461,253

  Medical

  $477,117

  Retail

  $717,505

Location Insight

City

Eustis

County

Lake

State

Florida

Latitude

28.8539

Longitude

-81.6602

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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