Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Irregular Lot, Paved

  • Lot Size(acres)

    58.3

  • Property Type

    Land

Price

  • Sales Price

    $4,500,000

  • Tax Amount

    2660.94

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    01800

  • Water Source

    Public

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Location

County

Lake

Elementary School

Middle School

High School

Listing Courtesy of Bobby Orr , TRINITY REAL ESTATE SALES LLC

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Growth is undeniably coming to Lake County so now is the time to consider how you can best utilize this future commercial retail spot!  58.3 acres of vacant land at the corner of Highway 19 and Cherry Lake Road. Located on the West side of Highway 19 running south, the property features a river that runs along the back of it which leads to Cherry Lake on the Clermont Chain of Lakes. These parcels are currently zoned residential, single family residence or multi-family HOWEVER due to the various subdivisions that are projected nearby, the area’s need for restaurants, banks, a grocery store, drug store or personal services will increase greatly and the County has indicated their preference to make Highway 19 a commercial corridor. A traffic light will be installed at the corner of Cherry Lake Road and Highway 19 in the near future. There are 5 total parcels being sold together that total the 58.3 acres, with approximately 20 acres high and dry.  The possibilities for this location are endless, picture a TIKI BAR overlooking the water with a bike path winding along the river; perhaps an open area shopping center with a restaurant on one end and water sports rentals at the other. There is also a boat launch on the parcel.  One lot currently has a home on it with a tenant so PLEASE DO NOT DRIVE ONTO OR ENTER PROPERTY WITHOUT PRIOR APPROVAL. Utilities are at the street which include water, electric and sewer.

STATE ROAD 19

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Related Properties

56 + acres adjoining The Villages expansion area by 3 property boundaries. Property is adjoined on 3 property boundaries by THE VILLAGES expansion areas. Subject property is convenient to Fl. Turnpike & I-75, off CR 48 just south of HWY 470 & north of Austin MerrittRd. Property currently AG, however, City of Leesburg has utilities nearby & open to annexation/entitlements for future development. Includes Lake County Property Appraiser Alt Keys: 1701333, 3794012.
#G5096102

GROVELAND

911 COUNTY ROAD 48

None Beds

None Baths

56.03 acres

$4,500,000

MLS#: G5096102

 - property

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