700 Mt Homer Rd Eustis, FL 32726-6254
- Commercial land
- 616 SF
- 1.00 lot acres
Apr 11, 2022
Current Use by Public Records
- Commercial land
Property Details for 700 Mt Homer Rd
- Year built
- 1982
- Construction
- WOOD FRAME
- Lot size
- 1.00 lot acres
- Property size
- 616 SF
- Property type
- Commercial land
- APN
- 22-19-26-0001-000-00200
- APU
- 221926000100000200
Description
This exceptional one-acre lot in Eustis, Florida (APN 22-19-26-0001-000-00200, located at 700 Mt Homer Rd, 32726) presents a fully entitled and shovel-ready opportunity for the development of a twelve-unit multifamily residential complex. The property is zoned for multi-family use, eliminating lengthy permitting processes. Detailed development plans are available, significantly reducing pre-construction timelines and costs. Architectural drawings are available for serious inquiries at an additional cost, and elevations are available for review. This prime location offers convenient access to major transportation routes, commercial centers, and a variety of amenities, ensuring high tenant demand and strong rental income potential. The property's strategic positioning within a rapidly growing area guarantees a significant return on investment. Capitalize on the escalating need for quality housing in this thriving community. This is an ideal investment for both seasoned developers and astute investors seeking a lucrative venture with minimal pre-development hurdles. The asking price is $395,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.6941
- Latitude
- 28.8288
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
