0 Baths

$475,000

W OAK TERRACE DR, LEESBURG FL, 34748

Price per sqft$4.07

Lot size2.68 Acres

Property typeLand

Courtesy of CARLINO REAL ESTATE GROUP INC, Jonathan Martin Listing Contact: 352-326-2662

Overview

Active

Listed Aug 22, 2026

Updated Aug 24

This prime 2.68-acre Zoned R-3/High-Density Residential with 424 +/- feet of road frontage could potentially allow for the approval of up to 48 units, making it ideal for a multi-family or townhome project. The property is clear and ready for development, having previously housed a commercial building that was removed in 2009. The entire lot is high and dry with City of Leesburg utilities available at the street. Leesburg, FL, has experienced substantial growth, leading to increased demand for affordable housing. This demand is further fueled by several large employers situated near the property. The 48-unit apartment complex just to the west of this property is also available for purchase. This exceptional property presents a rare development opportunity you will not want to miss. Call today for more information!

Additional information

MLS^® ID: G5116812

Exterior Features

Lot Size: 2.68 Acres

Other Property Details

Taxes: $10,484
Tax Frequency: Annually
Association Fee Frequency: Monthly

Listings courtesy of Stellar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 6:31 PM UTC on 10/8/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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