W OAK TERRACE DRIVE at

W OAK TERRACE DRIVE

$545,000

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Overview

2.68 acres

Property 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!

Property Details

MLS#

G5099161

Address

OAK TERRACE W

City

LEESBURG

State/county

Zip/Postal Code

34748

Area

Leesburg N C Lee Estate

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$10,484

Maint Fee

$--

Tax Year

2024

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