We use technical and analytics cookies to ensure that we give you the best experience to our website
+1 646-431-8072
Back to Search

Multi Family - for Sale

9915 COUNTY ROAD 44, LEESBURG, FL 34788

Asking Price$1,850,000

Share by:
  • Days on market:

    19 day(s)
  • Original Price:

    $1,850,000
  • Tax Legal Description:

    S 462 FT OF W 1/2 OF NE 1/4 OF SE 1/4 OF NE 1/4 ORB 6284 PG 1270
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Construction Type:

    Other
  • Cooling Description:

    Other
  • Special Listing Conditions:

    None

Description

$1,850,000

Prime self-storage development opportunity in lake county, fl seize this rare chance to acquire a fully prepared, development-ready parcel in lake county, florida, zoned and approved for a state-of-the-art self-storage facility. comprising four parcels, this property is primed for immediate construction, offering a fast-tracked timeline for investors and developers looking to capitalize on central florida’s booming self-storage market. with versatile zoning allowing for multiple uses, this is a unique opportunity in a high-growth region. property highlights development-ready for self-storage: rezoned to cp (planned commercial), with self-storage approved by right, eliminating zoning hurdles. includes a comprehensive concept plan for a 101,380 sq ft facility (86,175 sq ft net rentable, 95.24 climate-controlled), fully permitted and ready for construction. completed due diligence: boundary and topographic surveys completed, along with environmental studies, ensuring no delays in development. strong financial projections: proforma included, projecting a net operating income (noi) of $994,195. cap rate valuations: $16.57m (6.0 ), $18.08m (5.5 ), or $19.88m (5.0 ). gross potential income of $1.58m with a 65.73 cost-to-value ratio at 5.5 cap. strategic location: situated in lake county, a high-growth area with 4.7 annual population growth, outpacing the national average. proximity to orlando, i-75, and the florida turnpike ensures excellent accessibility and visibility. low storage inventory (est. 5.5 sq ft vs. 7–8 sq ft nationally) underscores strong market demand. versatile zoning: cp zoning supports self-storage and a variety of other commercial uses, offering flexibility for future development or alternative projects. business-friendly environment: lake county’s pro-business policies and high-traffic corridors make this an ideal location for a successful self-storage operation. additional information financing available: pre-approved financing through jen jones loans llc; terms and rates vary based on buyer qualifications. market advantage: lake county’s rapid growth and underserved self-storage market create exceptional potential for high returns. this turnkey property offers a unique opportunity to develop a premier self-storage facility in one of florida’s fastest-growing regions. don’t miss your chance to invest in a market with strong demand and minimal competition. contact us today to review the concept plan, proforma, and additional details!

Similar Properties in this Area

* MLS is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MLS All rights reserved. Courtesy of One Sotheby's International Realty