Mixed-Use Land for Sale in Leesburg, Florida
W Oak Terrace Dr, Leesburg, FL 34748
Under contract-accepting backup offers. 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!
Location
- Street address
- W Oak Terrace Dr
- County
- Lake County
- Community
- Leesburg N C Lee Estate
- Elevation
- 82 feet
Directions
From the turnpike head north on Hwy 27, turn right on Dixie Ave, Left on N Canal St, left on Hwy 441, right on 3rd st , and a left on Oak Terrace Dr.
Property details
- Acreage
- 2.68 acres
- Zoning
- R-3
- MLS #
- MFRMLS G5099161
- Posted
Property taxes
- 2024
- $10,484
Parcels
- 23-19-24-1100-000-00443
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
Resources
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 29, 2025 | Under contract | $545,000 | — | MFRMLS |
| July 4, 2025 | New listing | $545,000 | — | MFRMLS |