Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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