32 Acre Industrial/Commercial Approved PUD CR-48 Leesburg

Investment Overview

32.68 ± acre approved/entitled industrial/commercial PUD development site in Leesburg with 985 feet fronting CR 48. The property includes a 6.5±-acre commercial/office/light-industrial tract (Area A) and a 25 ± acre industrial tract (Area B), with a permitted-use list covering flex/warehouse, professional office, medical and veterinary uses, mini-warehouse, vehicle sales and service, and all C-1 through C-3 and M-1 uses. Area A allows up to 142,000 square feet of building area at two stories/35 feet. The site fronts County Road 48 roughly 1,200 feet east of County Road 33, with a second access point on Haywood Worm Farm Road along its eastern boundary. The approved PUD conditions call for a boulevard-style CR 48 entrance with a divided median. The City of Leesburg has committed to serve the property with water, wastewater, and natural gas, with on-site utility construction to be completed by the developer. CR 48 carries roughly 11,500 vehicles per day, and the property sits approximately two miles from Florida’s Turnpike at Exit 296 via CR 470, an interchange the Turnpike Enterprise is currently in design to widen. Lake County has been one of the faster-growing counties in Florida over the past decade, with population up roughly 40 percent since 2015, and 40,000 homes are in process within a 10-mile radius. The Villages, a large part of this growth, is 1+ miles to the west, as this immediate area is in significant growth mode. The site is approved, with the next step being a site plan without a rezoning process—the entitlement work here is completed.

Investment Highlights

• ±32.68 acres zoned PUD by the City of Leesburg (Industrial/Commercial uses)
• Entitled for commercial, office, light-industrial, and industrial use; no rezoning required
• Area A (6.5± ac): up to 142,000 SF, C-3 development standards
• Area B (25± ac): M-1 industrial development standards
• Dual frontage/access: County Road 48 and Haywood Worm Farm Road
• 11,500 AADT on CR 48
• City of Leesburg water, wastewater, and natural gas committed to the property
• ±2 miles to Florida's Turnpike (Exit 296) via CR 470
• ±1 miles to The Villages
• 40,000+ homes under development within 10 miles.
• Located in one of Florida's faster-growing counties