24439 Sorrento Ave., Sorrento, FL 32776

NWC SR 46 & CR 437 (Plymouth Sorrento) Sorrento, Lake County, Florida

These 4 lots totaling 272' frontage create a hard corner on the NW side of the signalized intersection of FL-46/Sorrento Ave (14,500 AADT) and CR 437 (13,200 AADT). These 1.37 acres of R-6 land are approved for any commercial land use allowable in the Lake County LDC with maximum impervious lot coverage and minimal setbacks. This parcel is completely graded to road level, offering minimal site work, and is a rare shovel-ready opportunity. Located inside the Orlando-Kissimmee MSA, the third largest in the state of Florida with a massive population of 2,673,000 residences and growing at 2.4% times the growth rate of the United States and accurately named 2nd of the fastest growing U.S. cities. Attracting an affluent college educated population seeking jobs in an ever growing private sector job market with a historic low unemployment rate of just 3%. Located in the 17th largest county in the state of Florida, Lake County is home to the #1 retirement community “The Villages” which houses 383,000 residences growing at 2.6% annually.

Trending Road Developments:

The Wekiva Parkway (S.R. 429) will connect to S.R. 417, completing the beltway around Central Florida, while helping to protect the natural resources surrounding the Wekiva River. This estimated $1.6 billion project includes $500 million of non-toll road improvements including:

• Widening seven (7) miles of S.R. 46 in Lake and Seminole Counties

• Rebuilding the U.S. 441/S.R. 46 interchange in Mount Dora

• Shifting the County Road (C.R.) 46A connection to S.R. 46 so wildlife can move more safely between habitats

• Providing non-tolled, one-lane service roads parallel to the parkway in part of east Lake and Seminole Counties

• Building a 10-mile, multi-use trail along portions of the parkway in east Lake and Seminole counties

Lake County Details:

Lake County is a county located in the central portion of the U.S. state of Florida. As of the 2020 census, the population was 383,956.[1] The county seat is Tavares, and its largest city is Clermont. Lake County is included in the Orlando-Kissimmee-Sanford, FL Metropolitan Statistical Area. The population density was 316.6 inhabitants per square mile. There were 163,586 housing units at an average density of 174.3 per square mile.

Links to summary of development projects across the county:

https://ci.mount-dora.fl.us/512/New-Development-Status

List of Lake Sumter Priority Projects:

https://civicclerk.blob.core.windows.net/stream/LAKECOUNTYFL/w5stbf4d.hbu.pdf?sv=2015-12-11&sr=b&sig=9fxmP%2Bk830C3hRi8n7B2nAkZHFG2wUTO4luqMlyUEbY%3D&st=2022-10-02T18%3A47%3A04Z&se=2023-10-02T18%3A52%3A04Z&sp=r&rscc=no-cache&rsct=application%2Fpdf

Greater Orlando MSA:

The Orlando metropolitan area, commonly referred to as Greater Orlando, Metro Orlando, Central Florida as well as for U.S. Census purposes as the Orlando Kissimmee–Sanford, Florida Metropolitan Statistical Area, is a metropolitan area in the central region of the U.S. state of Florida. Its principal cities are Orlando, Kissimmee and Sanford. The U.S. Office of Management and Budget defines it as consisting of the counties of Lake, Orange (including Orlando), Osceola, and Seminole.

According to the 2020 U.S. Census, the population of Greater Orlando is 2,673,376, an increase of nearly 540,000 new residents between 2010 and 2020.

By population, it is the third-largest metropolitan area in Florida, the seventh-largest in the southeastern United States, and the 23rd largest in the United States. The MSA encompasses 4,012 square miles (10,400 km2) of total area (both land and water areas).

All Due Diligence can be found on the Crexi page: Link

All LOIs should be submitted through the Crexi page: Link

All questions regarding this property can be directed to emails: Info@eliasgeorge.com

All calls can be reached out to number: (352) 200-2635

(Disclaimer - All in person showings require proof of ability to purchase.)