1.85 Acre Re-Development Opportunity | Zoned CG

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30664338
Property Subtypes: Industrial, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 80,765 SF
Sale Price: $900,000 - 2,400,000
Unit Price: $11.14 - 29.72 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/5/2023

Overview / Comments

Location, Location, Location! Here is an Extraordinary Opportunity to purchase1.85 Acres of Land, comprised of 2 parcels for a future development site of Retail, Distribution, Restaurant or Mixed- Use. Situated in an HUBZone as well, the City of Eustis is offering diverse economic opportunities to attract new businesses, development and residential growth that will easily service the growing community and population. This is an attractive site for Hospitality, Retail, Restaurant and or Professional Office developments. Subject site accommodates 2 commercial buildings, a 1,508 SF Medical Office and the other, a 2,270 SF Restaurant. Subject is also ideal for new construction, redevelopment or an expansion project for the existing buildings. Located in the friendly Waterfront Community of Eustis, FL, this property is located East of Lake Eustis and immediately North of Lake Saunders and boasts 780’ of high- level street exposure on US Hwy 441 S. This location is in direct proximity to major traffic arteries, numerous highly traveled commerce areas and is also surrounded by a myriad of quaint residential neighborhoods and bustling businesses- a Phenomenal Investment Opportunity or Great for an owner/ user. Call today for additional property details. This prime 1.85 acre parcel has a huge potential to become a development site. Fronting US Hwy 441 S., a heavily traveled thoroughfare in Lake County, any development project can do well here. Situated in a qualified HUBZone, tenants with businesses in this designated zone are eligible for many tax incentives and is a perfect site for a neighborhood Commercial Retail Center, Office Park or Single Retail User. Some of the features of this site include over 780’ of frontage on US Hwy 441 S., site may be divisible, property sits at a signalized intersection and within a 5- mile radius are over 65,643 residents with an average HHI of $54,400. This unique development opportunity can be found adjacent to major retailers such as Enterprise Rent- A- Car, Boost Mobile, Shell Gas Station, Penske Truck Rental, IHOP, Denny’s and more.

Additional Details

Nearest MSA: Orlando-Kissimmee-Sanford
County: Lake
Zoning: CG
Site Description: Offering two parcels totaling just under 2 acres, this is a phenomenal investment/ development site in the heart of Eustis, FL. The site is level, well drained, equipped with commercial grade public utilities and is zoned CG (Commercial General); ideal for Commercial development of Retail, Professional Office, Sales/ Distribution, Mixed Use or Restaurant. The combination of the site’s location and amazing frontage at the intersection of US Hwy 441 S. and Kurt Street makes for an extraordinary development site offering countless possibilities.
Area Description: Subject is located in an excellent growth market, directly on US Hwy 441 S. and is approximately 1.5 miles East of the Advent Health Waterman Hospital and the Veteran’s Out- Patient Clinic. This property not only offers great visibility, it also offers excellent signage and can benefit from the more than 58,500 VTD along the US Hwy 441 S. corridor. Here is an outstanding chance to build a brand- new Commercial Development scheme that parallels the up and coming Planned Development that is happening throughout Eustis. There is Office, Restaurant and Retail Commerce located within a direct radius of this property. Also, the subject is within minutes of City Hall in Historic Downtown Eustis making it convenient enough to serve the current demographics in the area well. This area is a high- energy Business & Retail District and is also a great place to invest, relocate or expand. Call today and get in on the development of the Eustis area today!!!

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,856 36,364 63,867
Median Age: 43.01 44.46 46.69
Households: 2,605 15,319 27,041


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