5.8 Acres :: Raw Land :: Zoned R-6 :: Lake County, FL

Vacant Land for Sale
Catylist Listing ID: 30716824
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 5.80 Acres
Sale Price: $250,000
Unit Price: $43,103 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: 32735.0%
Last Updated: 7/14/2021

Overview / Comments

Florida Commercial Group is pleased to present an opportunity to acquire and develop a residential land site in the friendly unincorporated community of Grand Island, in Lake County, FL. Subject consists of approximately 5.8 acres and is situated directly on County Road 44- across the street from Grand Island Baptist Church.
Zoned R-6, this is an attractive site for a residential development of a 12- unit subdivision or a multi-family complex. Located in the heart of Grand Island; this property boasts approximately 324’ of County Road 44 frontage and is situated North of Lake Eustis and immediately Southwest of Lake Yale. This location is in direct proximity to main traffic arteries in the area, numerous highly traveled commerce routes and is surrounded by a myriad of quaint residential neighborhoods and new development that is being sold quickly! You’ll also have immediate access to Eustis, Umatilla and Leesburg. This is an amazing investment opportunity for an owner/ user or future development in growing Lake County, FL. Call today for a property brochure.

Additional Details

Nearest MSA: Orlando-Kissimmee-Sanford
County: Lake
Tax ID/APN: 32-18-26-0002-000-03100
Zoning: R-6
Property Located Between: Chain O Lakes Rd and S. Fish Camp Rd
Property Visibility: Excellent
Legal Description: BEG SE COR OF NW 1/4, RUN N 89DEG 26MIN 30SEC W 473 FT; N 375.88 FT, S 89DEG 26MIN 30SEC E 150 FT, N 210.5 FT TO S'LY R/W OF SR#44, E'LY ALONG SAID R/W TO PT N OF POB, S TO POB ORB 3159 PG 933
Largest Nearby Street: County Road 44
Feet of Frontage: 324
Traffic/Vehicle Count: 10,700
Highway Access: County Road 44 connects to Interstate 75 giving this site trouble-free access to SR 441, US Hwy 301, Interstate 75, Interstate 4
Airports: Leesburg International Airport
Site Description: Brokers, Seller is Calling all Developers, Investors, Contractors and Builders. Come view this RESIDENTIAL DEVELOPMENT OPPORTUNITY!!!! Incredible 5.8 acres- for sale in Lake County, FL! Prime, R-6 zoning of residential acreage is level, high and dry and perfect for a multitude of construction projects such as multi-family housing to include duplexes, tri-plexes and quad-plexes. Also, a large, single- family dream home site could be ideal. Or an investor looking to get in on the development of this flourishing area may sub-divide the site, then selling the lots for a quick profit. Another option which is the highest and best use for this site, would be for a single-family home subdivision of 12 units. The proposed subdivision has been plotted and named Pinewood Estates Subdivision. In the immediate neighborhood, the land use consists primarily of residential homes with the City of Eustis water and gas servicing the residents in this area. There are also many residential communities and subdivisions nearby bringing the daily vehicle count for the intersection of County Road 44 and S. Fish Camp Road to 10,700 per day. This residential development site is excellent and is one of the last large land parcels in this immediate Area. There’s new development and expansion happening in all directions. Owner says bring offers. Some financing available. Call today for site Information.
Area Description: Subject is located in an excellent growth market directly on County Road 44 and is approximately 1.5 miles North of Lake Eustis. This property not only offers great visibility, it also offers excellent frontage and can benefit from the access to the CR 44 corridor. Nestled ¼ mile West of S. Fish Camp Road, the only intersection in Grand Island with a traffic signal, you can easily find this property sitting just 3.5 miles North of the City of Eustis. County Road 44 connects to Interstate 75 giving this site trouble-free access to SR 441, US Hwy 301, Interstate 75, Interstate 4, as well as Leesburg, Eustis, Deland and the East Coast of Florida. There is new residential growth and development in every direction and is convenient to numerous high-end residential subdivisions, newly constructed neighborhoods, many Restaurants, Shops, Banks, Retail Establishments, Schools, Recreational Parks and other Professional Services. Things to do in Grand Island and Eustis, FL: Theaters, Museums, Fishing, Water Sports and explore City and Lakefront parks. Here is an outstanding chance to build a brand-new multi-family/residential development scheme that parallels the up-and-coming planned development that is happening throughout the City of Eustis as well as thriving Lake County. This area is Centrally located within the State of Florida and is a great place to invest, relocate or expand. Call today and get in on the development of the Eustis area today!!!
Lot Frontage: 324
Lot Depth: 597
Zoning Description: R-6 ("R-6" Urban Residential District. The purpose of this district is to provide for medium Density single-family residential and multi-family housing usage in the Urban Future Land Use Category)
Development Name: Pinewood Estate Subdivision
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,345 15,935 54,331
Median Age: 45.49 51.37 48.5
Households: 1,351 7,001 23,797


Photograph of Listing Agent

Tina Marie Eloian, CCIM

Florida Commercial Group CE-FL Member
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