1415 South Street,
LEESBURG FL, 34748
Description
Well located property in the heart of Leesburg and next door to Walgreens at the busy intersection of US Hwy 27 and South Street - daily traffic counts of 40,000 (Hwy 27) and 22,000 (South St). Subject property has an easement for access, ingress/egress over all of the Walgreens site thus easy access from South St and Hwy 27. On site drainage and retention already constructed resulting in net usable acreage of .75 acres that is ready for construction. Site is 1 mile from Venetian Gardens, a lakefront City park that is going thru a $10 million plus renovation, Leesburg Regional Medical Center, and a new Marriot hotel that will break ground in 2019. The Villages continues it's rapid growth to the west of Leesburg that will benefit this site as well. Property is also located in a designated OPPORTUNITY ZONE which provides capital gains tax benefits, including tax free treatment for all future appreciation if held for at least 10 years, when reinvesting sales proceeds in this designated area.
Details
| MLS# | G5014689 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 645 |
Features
| Zoning | C-3 |
|---|---|
| Acreage | 0.82 |
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Learn More About This Property
| Area Information | |
|---|---|
| State | FL |
| County | Lake |
| City | LEESBURG |
| Zip Code | 34748 |
| Area | 34748 - Leesburg |
| Listing VS Median (in 34748) | |
Price: $249,000 low | high Med: $224,900 On Site: 645 low | high Med: 420 | |
MLS Number: G5014689Listing Provided By:
Michael Pederson of GRIZZARD COMMERCIAL REALESTATE