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    Oak Terrace Drive
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    PRICED AT ONLY: $475,000

    Address: Oak Terrace Drive, LEESBURG, FL 34748

    Description

    This prime 2.68 acre Zoned R 3/High Density Residential with 424 +/ feet of road frontage could potentially allow for the approval of up to 48 units, making it ideal for a multi family or townhome project. The property is clear and ready for development, having previously housed a commercial building that was removed in 2009. The entire lot is high and dry with City of Leesburg utilities available at the street. Leesburg, FL, has experienced substantial growth, leading to increased demand for affordable housing. This demand is further fueled by several large employers situated near the property. The 48 unit apartment complex just to the west of this property is also available for purchase. This exceptional property presents a rare development opportunity you will not want to miss. Call today for more information!

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    • MLS#: G5099161 ( Land )
    • Street Address: Oak Terrace Drive
    • Viewed: 115
    • Price: $475,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: Not Available
    • Bldg sqft: 0
    • Days On Market: 309
    • Acreage: 2.68 acres
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    Features
    Building and Construction
    • Covered Spaces: 0.00
    • Living Area: 0.00
    Garage and Parking
    • Garage Spaces: 0.00
    • Open Parking Spaces: 0.00
    Eco-Communities
    • Water Source: Public
    Utilities
    • Carport Spaces: 0.00
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Sewer Nearby, Water Nearby
    Finance and Tax Information
    • Home Owners Association Fee: 0.00
    • Insurance Expense: 0.00
    • Net Operating Income: 0.00
    • Other Expense: 0.00
    • Tax Year: 2024
    Other Features
    • Country: US
    • Current Use: Multi Family
    • Legal Description: LEESBURG N C LEE ESTATE E 455 FT OF W 1367.05 FT OF LOT 4--LESS S 280 FT & LESS W 30 FT FOR RD R/W--PB 1 PG 75 ORB 4883 PG 1295
    • Area Major: 34748 - Leesburg
    • Parcel Number: 23-19-24-1100-000-00443
    • Views: 115
    • Zoning Code: R-3
    Nearby Subdivisions
    Cisky Park   Clearwater Reserve Phase 2   Estates At Sunnyside Sub   Haines Lake Estates   Hansons Add 1   Indian Hill   Lanier   Leesburg Commander Road Office   Leesburg Edgewater Heights   Leesburg Jamestowne Sub   Leesburg Lake Harris Estates   Leesburg Majestic Oaks Landing   Leesburg N C Lee Estate   Leesburg Oakridge Condo Ph 01   Leesburg School View   Leesburg Sunnside Trails Ph 02   Leesburg W C Wilkins 06   Leesburg Waters Edge Sub   Magnolia Park Tr C   Majestic Oaks Landing   Mount Vernon   Royal Oak Estates Fifth Add  
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