Don’t miss this exceptional investment opportunity in the heart of Leesburg. Ideally situated just west of the intersection of US 27 and South Street (SR 44), this 0.58-acre parcel offers outstanding potential for redevelopment or new construction. Zoned “Medium Density Residential” by the City of Leesburg, the property currently allows for up to two dwelling units, making it an excellent opportunity for duplex development or income-producing residential housing. Positioned near major roadways and regional employment hubs, the location is highly desirable for tenants seeking convenience and accessibility. Existing nearby utility connections further enhance the property’s development appeal and may help streamline the building process. The property currently includes an approximately 1,100-square-foot residence in poor condition with significant structural and functional deficiencies, making demolition a likely consideration for most investors. However, for the right buyer, this property presents strong upside potential and the opportunity for a relatively quick return on investment. Motivated seller — priced to move. Contact us today for additional details and development potential.
Listing courtesy of RE/MAX TITANIUM GROUP. 352-241-6363
Selling Office: RE/MAX TITANIUM GROUP.StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on