W OAK TERRACE DRIVE, Leesburg, FL 34748

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

Data Last Updated:

May 18, 2026 at 2:23AM

Listing Office:

CARLINO REAL ESTATE GROUP INC : 352-326-2662

Listing Agent:

Jonathan Martin : 407-443-5491

MLS ID:

G5099161

Location

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

Lot

• Zoning: R-3LEESBURG 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 129523-19-24-1100-000-00443
• Current Use: Multi Family

Utilities

• Utilities: Sewer NearbyWater Nearby
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple