3309 Laughlin Rd Mount Dora, FL 32757-7322

Property Details for 3309 Laughlin Rd

Lot size

2.53 lot acres

Zone code

IND-4

Property type

Industrial land

APN

22-20-27-0000-00-031

APU

222027000000031

Description

This exceptional 2.53-acre property, located at 3309 Laughlin Rd in Mount Dora, Florida (zip code 32757), presents a unique investment opportunity. Zoned I-4, it allows for diverse commercial and residential uses, including up to 14 residential units per acre. The site is ideally situated between Apopka and Mount Dora, just three miles from the Kelly Park Billion Dollar Development-Wyld Oaks, benefiting from the area's strong growth. Existing improvements include a new 2023 mobile office (10x40), irrigation, landscaping, stonework, and a septic system. A significant investment of over $300,000 has already been made in site preparation. Importantly, a hard-to-obtain transportation permit is in place, allowing for semi-trailer truck overnight parking, RV and boat storage, and 80 parking spaces. This permit alone offers substantial income potential, with an estimated $240,000 annual revenue possible by charging $300 per month for each parking space. The property is pad-ready for immediate development of storage facilities for RVs, boats, and semi-trucks. The location's proximity to major roadways and the expanding Orlando-Metro area, coupled with Mount Dora's thriving economy (particularly in transportation, warehousing, healthcare, and accommodations), makes this a compelling investment with a projected 14% capitalization rate based on transportation operations. The site's potential is further enhanced by its proximity to several large residential developments currently underway, indicating strong future demand. The asking price is $1,750,000.