0 Orange AveEustis, FL 32726

  • Other commercial real estate
  • 17.50 AC
For Sale
$4,200,000 View listing

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.

Orange Ave, Eustis, Florida

Location Insight

City
Eustis
County
Lake
State
Florida
Latitude
28.8537
Longitude
-81.6523

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].