W OAK TERRACE DRIVE, Leesburg, FL 34748

Land
Built in ——
2.68acre lot
—— car garage
$——/sqft
Listed 17 days ago

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!

Listing Status:: Active
Date Added:: July 4, 2025 at 05:00AM
Listing Office:: CARLINO REAL ESTATE GROUP INC : 352-326-2662
Listing Agent:: Jonathan Martin : 407-443-5491
MLS ID:: G5099161

Road/Access: City Street
Originating MLS: Stellar MLS
County: Lake

This listing courtesy of Jonathan Martin, CARLINO REAL ESTATE GROUP INC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Beverly Shores Elementary School

1108 Griffin Rd, Leesburg, FL, 34748

Grades PK-5

0.73 miles away

Carver Middle School

1200 Beecher St, Leesburg, FL, 34748

Grades 6-8

1.11 miles away

Leesburg High School

1401 Yellow Jacket Way, Leesburg, FL, 34748

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.