Listed by Sands Investment Group - FTL, Sands Investment Group
$995,000
38 Unit Development Site - Mount Dora, FL
Details
Property Type Land
Sub Type Residential
Price Per Acre $98,808
Broker Co-Op Yes
Acreage 10.070
Zoning R-2 Single Family and Duplex Residential
Sale Condition Bank owned foreclosure
Foreclosure/REO Sale | 10.07 Acres in Florida
Marketing description
Sands Investment Group is pleased to present exclusively for sale the 10.07-acre REO property located at 1100 Limit Ave in Mount Dora, FL. This zoning allows for 6 units per acre, providing a great residential development opportunity.
Investment highlights
- REO sale with land banking opportunity in one of Florida's fastest growing communities.
- Last development opportunity on Limit Ave — all other sites have development plans.
- 10.07 acres total (7.82 upland + 2.25 wetland) with approved wetland determination from SJRWMD.
- R-2 zoning allows 6 units/acre.
- Site plan drawn up to fit 38 duplex units on nineteen 60 ft wide lots.
- Reach out for the survey, an approved wetland determination, Phase I, and an environmental assessment report.
- Site backs up to Frank Brown Park / Sports Complex.
- 1 mile to historic downtown Mount Dora.
- Easy access to US-44,1 providing a 40-minute commute to downtown Orlando (30 miles).
- Nearby new home developments priced from $360,000–$465,000 for 1,550–2,000 SF homes.
- Walking distance to Mount Dora schools.
- Down the street from the new planned fire station.
- All utilities run along the site on Limit Ave.
Listing Contacts
Listed by Sands Investment Group - FTL, Sands Investment Group
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