0 Montclair RdLeesburg, FL 34748

Property Details for 0 Montclair Rd

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional multifamily development opportunity in Leesburg, Florida, presents a compelling investment prospect. Situated on just under six acres, with an additional three acres available, this property is ideally positioned for a thriving 55+ community. The site has already received entitlements for a 96-unit multifamily development, boasting an approved density of 15.6 units per acre within the City of Leesburg. This pre-approved plan significantly streamlines the development process, reducing time and potential hurdles. The asking price for this prime parcel is $761,800. Prospective buyers are advised to independently verify Planned Unit Development (PUD) details with Lake County. The property's location on Montclair Road, Leesburg, FL 34748 (28.817434, -81.9012477), offers convenient access to local amenities and infrastructure. This is a rare chance to acquire a ready-to-develop site with significant upside potential in a growing Florida market. The existing approvals and substantial acreage make this an attractive investment for experienced developers seeking a high-return multifamily project. The property is classified as an apartment building and is being offered as a multifamily investment. Don't miss this opportunity to capitalize on the strong demand for senior living communities in this desirable location.

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.8174

Longitude

-81.9012

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