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Mixed-Use Land for Sale in Leesburg, Florida

W Oak Terrace Dr, Leesburg, FL 34748

$475,000
2.68 acres
Active sale
ago
Est $4,096/mo

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
Zip code
34748
Community
Leesburg N C Lee Estate
Elevation
82 feet
Coordinates
28.8194, -81.879

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 G5116812
Posted

Property taxes

2024
$10,484

Parcels

  • 23-19-24-1100-000-00443

Legal description

Details and features

Listing

Type
Land

Structure

Water
Public
Sewer
Public Sewer

Listing history

DateEventPriceChangeSource
Aug 22, 2026New listing$475,000MFRMLS
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This 2.68-acre property is located at W Oak Terrace Dr in Leesburg, FL 34748. The land is available for sale, priced at $475,000 — $177,239 per acre.

Listed by Carlino Real Estate Group, (352) 326-2662

Checked 2 hours agoUpdated Source

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