Active

$4,500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRG5097048
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$4,500,000
HOA Fee:
N/A
Tax Amount:
$2660.94
Price per SqFt:
$1.77
Tax Legal Description:
E 500 FT OF SE 1/4--LESS S 2450 FT-- ORB 4712 PG 1226
Exterior Features
Lot Size:
2539548
Lot Features:
Buildable, City Limits, In County, Irregular Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
N/A
Style:
N/A
Year Built:
N/A
Construction Type:
N/A
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    STATE ROAD 19
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