$150,000

$200/sq ft

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Overview

Year Built

1948

Sqft

750

Property Type

Mixed Use

Property Description

This unique property offers a rare combination of residential and commercial potential uses, situated in a highly desirable location just off Highway 27. It features a 2-bedroom, 1-bathroom home along with an additional 0.10-acre vacant lot, both benefiting from C-3 commercial zoning. Currently utilized as a residential income property with a tenant in place, the existing home provides immediate rental revenue. The versatile C-3 commercial zoning, which permits a wide array of commercial uses presents an exceptional opportunity for investors or owner-operators looking to establish a business in a thriving area. The strategic location offers excellent accessibility, being close to downtown Leesburg and several local schools. This proximity ensures a steady flow of potential customers or clients, making it ideal for various commercial ventures such as retail, professional offices, or service-oriented businesses, all subject to permitted uses under C-3 zoning regulations. Whether you envision developing the vacant lot, repurposing the existing home for commercial use, or continuing to benefit from its residential income stream while holding for future development, this property provides remarkable flexibility and growth potential in a rapidly developing area.

Property Details

MLS#

G5102993

Address

715 LYNCH

City

LEESBURG

State/county

FL

Zip/Postal Code

34748

Area

Leesburg Clearview Terrace

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$854

Maint Fee

$--

Tax Year

2024

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Boris Gelfand