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Oak Terrace Drive
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PRICED AT ONLY: $545,000

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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More Like This
  • MLS#: G5099161 ( Land )
  • Street Address: Oak Terrace Drive
  • Viewed: 44
  • Price: $545,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 80
  • Acreage: 2.68 acres

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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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: 44
  • Zoning Code: R-3
Nearby Subdivisions
Arbormere   Clearwater Reserve Ph 2   Crestview Estates   Estates At Sunnyside Sub   Floradel Sub   Lanier   Leesburg   Leesburg Commander Road Office   Leesburg Jamestowne Sub   Leesburg Kerls Add 02   Leesburg Lake Harris Estates   Leesburg Majestic Oaks Landing   Leesburg Majestic Oaks Shores   Leesburg Mc Willman Sub   Leesburg N C Lee Estate   Leesburg Oakridge Condo Ph 01   Leesburg School View   Leesburg Sunnside Trails Ph 02   Leesburg W C Wilkins 06   Magnolia Park Tr C   Royal Oak Estates Fifth Add   Selma Homesites   Silver Lake Estates  
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