For Sale
$2,995,000

37500 St Louis Ave Umatilla, FL 32784

92 Acres, R-6 Zoning, High Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 92-acre commercial land parcel presents a unique investment opportunity in Umatilla, Florida, within Lake County. Priced at $2,995,000, the property boasts significant development potential due to its R-6 zoning, allowing for up to six dwelling units per acre, totaling a maximum of 342 units based on the approximately 57 acres of upland area. The land includes substantial lake frontage on both Lake Bracy and Lake Smith, creating prime lakefront lots. The upland portion, a former orange grove, drains well and offers excellent building conditions. This expansive property is situated in a dynamic area experiencing significant growth in both transportation infrastructure and new residential development. The total acreage includes lakes, providing a diverse landscape and potential for various development strategies. The property's location in unincorporated Lake County offers additional advantages for investors seeking a prime location with high development potential. This is a rare opportunity to acquire a large-scale commercial land parcel with exceptional lakefront access and significant upside potential in a rapidly growing area of Florida.

Highlights

  • 92± acre commercial land parcel in unincorporated Lake County, Florida.
  • Approximately 57 acres of upland, plus lakes; total acreage 92± acres.
  • R-6 zoning allows up to six dwelling units per acre (maximum 342 units).
  • Well-drained upland area, former orange grove, ideal for development.
  • Lakefront lots available on Lake Bracy and Lake Smith.
  • Located in a rapidly growing area with significant new residential and transportation development.

Property Details for 37500 St Louis Ave

Property type
Land
Lot Size (sq. ft)
4,007,520 SF

Location Insight

City
Umatilla
County
Lake
State
Florida
Latitude
28.894718
Longitude
-81.6797689

FAQs

What type of property is this?
Land - 92 Acres, R-6 Zoning, High Development Potential
Where is the land located?
The property is located at 37500 St Louis Ave Umatilla, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 92± acre commercial land parcel in unincorporated Lake County, Florida.; Approximately 57 acres of upland, plus lakes; total acreage 92± acres.; R-6 zoning allows up to six dwelling units per acre (maximum 342 units).
How can I contact the broker?
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37500 St Louis Ave
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