Description
Well located property in the heart of Leesburg and next door to Walgreens at the busy intersection of US Hwy 27 and South Street - daily traffic counts of 47,500 (Hwy 27) and 20,300 (South St) in 2022. Subject property has an easement for access, ingress/egress over Walgreens site thus easy access from South St and Hwy 27. On site drainage and retention already constructed resulting in net usable acreage of .75 acres that is ready for construction. Site is 1 mile from Venetian Gardens, a lakefront City park that was recently renovated with an investment of over $12 million by the City. Leesburg Regional Medical Center is close by and a new Marriot hotel recently opened down the road. The Villages continues it's rapid growth to the west of Leesburg that will benefit this site as well. Property is located in a designated OPPORTUNITY ZONE which provides capital gains tax benefits, including tax free treatment for all future appreciation if held for at least 10 years, when reinvesting sales proceeds in this designated area.
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0BEDS
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0.82ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Well located property in the heart of Leesburg and next door to Walgreens at the busy intersection of US Hwy 27 and South Street - daily traffic counts of 47,500 (Hwy 27) and 20,300 (South St) in 2022. Subject property has an easement for access, ingress/egress over Walgreens site thus easy access from South St and Hwy 27. On site drainage and retention already constructed resulting in net usable acreage of .75 acres that is ready for construction. Site is 1 mile from Venetian Gardens, a lakefront City park that was recently renovated with an investment of over $12 million by the City. Leesburg Regional Medical Center is close by and a new Marriot hotel recently opened down the road. The Villages continues it's rapid growth to the west of Leesburg that will benefit this site as well. Property is located in a designated OPPORTUNITY ZONE which provides capital gains tax benefits, including tax free treatment for all future appreciation if held for at least 10 years, when reinvesting sales proceeds in this designated area.
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