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W Oak Terrace Drive, Leesburg, FL 34748

$545,000

SAVE TOUR PROPERTY

LOT SIZE 2.680 acres MLS#G5099161

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Property Description

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!

W Oak Terrace Drive | MLS# G5099161

This land located at W Oak Terrace Drive, Leesburg, FL 34748 is currently listed for sale with an asking price of $545,000. The property has approximately 2.68 Acres. Search Leesburg real estate on jamiedeihl.watsonrealtycorp.com today.

Property Features

Property Type: Land - Multiple

Lot Size: 2.68 Acres

Taxes: $10,484

Feature Descriptions

Days on Site: 249

Directions: From the turnpike head north on Hwy 27, turn right on Dixie Ave, Left on N Canal St, left on Hwy 441, right on 3rd st , and a left on Oak Terrace Dr.

Flood Zone Code: X

Home Warranty Y/N: No

Listing Terms: Cash, Conventional

Lot Dimensions: 2.68

Ownership: Fee Simple

Property Attached Y/N: No

Sewer: Public Sewer

Showing Instructions: Call Listing Agent

Special Sale Provisions: None

Utilities: Sewer Nearby, Water Nearby

Water: Public

Water Access Y/N: No

Zoning: R-3

Listed By / Shown By

Listed By

Agency Name: CARLINO REAL ESTATE GROUP INC
Agency Contact: 352-326-2662

Shown By

Agent Name: Jamie Deihl
Agent Phone: (719) 468-9744
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 3,660.70 per month $2,628.07 Principal & Interest $873.67 Property Tax $158.96 Homeowner's Insurance

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W Oak Terrace Drive, Leesburg, FL 34748

$545,000

SAVE TOUR PROPERTY

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/10/2026. The listing information on this page last changed on 03/10/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/10/2026 12:42:09 AM EST) or GAMLS (last updated Mon 03/09/2026 11:14:58 PM EST) or Stellar MLS (last updated Tue 03/10/2026 12:29:11 AM EST) or SPC MLS (last updated Mon 03/09/2026 11:20:30 PM EST) or Martin MLS (last updated Mon 03/09/2026 11:38:19 PM EST) or Indian River MLS (last updated Mon 03/09/2026 11:30:27 PM EST) or Daytona MLS (last updated Mon 03/09/2026 11:36:51 PM EST) or Northeast Florida MLS (last updated Tue 03/10/2026 12:18:46 AM EST) or Beaches MLS (last updated Tue 03/10/2026 12:35:40 AM EST) or BORMLS (last updated Mon 03/09/2026 11:15:20 PM EST) or Golden Isles MLS (last updated Mon 03/09/2026 11:26:41 PM EST) or Amelia/Nassau MLS (last updated Mon 03/09/2026 11:25:21 PM EST) or Dixie Gilchrist Levy MLS (last updated Mon 03/09/2026 11:42:28 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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W Oak Terrace Drive, Leesburg, FL 34748

Property Description

W Oak Terrace Drive | MLS# G5099161

Property Features

Feature Descriptions

Listed By / Shown By

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W Oak Terrace Drive, Leesburg, FL 34748

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