West Oak Terrace Drive

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West Oak Terrace Drive

Leesburg, FL 34748
Asking Price
$475K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The 2.68-acre land parcel is currently listed for $475,000.
  • Property features R-3 high-density residential zoning for flexible development.
  • Located on West Oak Terrace Drive in Leesburg, Florida.
  • Strategic position within the growing Lake County housing market.
  • Suitable for multi-family residential or high-density housing projects.

What's Special

Priced at $475,000, this 2.68-acre parcel on West Oak Terrace Drive provides a development site in Leesburg, Florida. The property carries an R-3 high-density residential zoning designation, facilitating potential multi-family or dense residential housing projects. Leesburg remains a growing part of the Lake County region, benefiting from consistent population expansion and access to major regional transportation corridors that connect the area to the broader Central Florida economy. Investors and developers focused on the housing sector will find the site capable of supporting various residential configurations aligned with the current zoning framework. Its location within the 34748 ZIP code places it in a landscape increasingly sought after for its proximity to local services and evolving suburban infrastructure. The tract offers a defined canvas for builders looking to address the demand for additional residential inventory in this developing market.

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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51

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