27400 US HIGHWAY 27 Leesburg, FL 34748

Numerous opportunities with this unique site. Property is 3 acres with 140' of frontage on US Hwy 27 and 240' of frontage on the Palatkaha River. Beautiful large oak trees in back yard along the river creating shade canopy. Value is deemed to be in the land. Great multi-family development site based on the strong growth around the property (near "The Villages" and numerous large retirement communities on Hwy 27) and the river frontage providing access to Lake Harris and Chain of Lakes. The zoning and future land use allow up to 18 units/acre or 54 units. Also a great site for business owner to operate business in front and live in the house to the rear, but house needs repairs and updating. The existing home is a 3 story, 4/4.5 home, 3,480 SF (heated and cooled), 2 car garage, and built in 1984 with porches overlooking the river. The mobile home in front (848 SF) is currently occupied by a retailer of portable buildings and sheds (month to month lease). Both buildings are on City water and septic tank but City sewer available and runs in front of property. Traffic count of 28,000 per day (2020).