0 Orange AveEustis, FL 32726
- Other commercial real estate
- 17.50 AC
Property Details for 0 Orange Ave
- Lot size
- 17.50 AC
- Property type
- Other commercial real estate
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Eustis
- County
- Lake
- State
- Florida
- Latitude
- 28.8537
- Longitude
- -81.6523
Comparable in this City
Similar Nearby for Sale
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