For Sale
$4,200,000

0 Orange AveEustis, FL 32726

17.5-Acre Mixed-Use Development in Eustis, FL

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 17.5-acre mixed-use development opportunity in Eustis, Florida, presents a compelling investment prospect. Located on a highly desirable corner lot (Parcel# 07-19-37-000100000300) at E Orange Ave, this property boasts a concept plan already approved for a vibrant mixed-use project. The approved plan encompasses multi-family residential (202 units with a 12:1 density), commercial, and retail components. Situated in Lake County, the property is high and dry, offering a secure foundation for development. A comprehensive data room is available, providing access to all relevant documents, including approvals, site plans, renderings, financial projections, construction budgets, pro-formas, and engineering reports. Complete construction entitlements are currently underway with the city. Independent assessments place the as-is value with entitlements at $6,000,000 and the improved future value at $8,100,000. The property is zoned for mixed-use and residential development. C-PACE equity financing is also a possibility. This is a turnkey opportunity for developers seeking a prime location and a streamlined development process. The asking price for this remarkable property is $4,200,000.

Highlights

  • $4,200,000 asking price.
  • 17.5-acre mixed-use development site in Eustis, Florida.
  • Concept plan approved for multifamily (202 units), commercial, and retail uses.
  • Located on a highly desirable corner lot in Lake County, FL (Parcel# 07-19-37-000100000300).
  • Zoned for mixed-use and residential development.
  • For sale by owner.

Property Details for 0 Orange Ave

Property type
Office properties, Medical offices
Lot Size (sq. ft)
762,300 SF

Location Insight

City
Eustis
County
Lake
State
Florida
Latitude
28.8536649
Longitude
-81.6522534
Orange Ave, Eustis, Florida

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0 Orange Ave
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