Excellent opportunity for a PUD development on the 44 East West $4,950,000

Lake Acreage Sale Pending

Excellent opportunity for a PUD development on the 44 East West Corridor between Leesburg and Brownwood, The Villages. This subject parcel is comprised of 11 Parcels, Alternate Key numbers; 1035287, 1116546, 1171814, 1700001, 1772575, 2665106, 1171792, 1772541, 3458907 in Lake County and G25-001, G25-002 in Sumter County for a total of approximately 303.4 acres, per county records. Of these 303.4 Acres, approximately 269.3 acres are considered dry (but partially in flood zone A). The subject parcel has approximately 1,243' of highway frontage on 4 lane SR-44 with a traffic count of 20,500 AADT. This frontage is divided into an approximately 925' section and a 319' section. The subject also has 1320' of frontage on Whitney Rd (but not the corner, FDOT owns the corner retention pond at intersection of Whitney and 44). The subject parcel has a median cut at the intersection of Whitney and SR-44, and two median cuts / decel lanes along the 44 frontage. Two buildings exist on the property. Both fronting on SR 44. One on alt key 2665106 and is a 1971, 1,366 s.f home with a 1 car garage, per tax records. The other is a 1989 manufactured home of 641 square feet, 2 bed 1 bath, per tax records. Don't let this development opportunity pass you by. This would be a perfect spot for single family and multi family homesite development with commercial fronting SR-44. Property is located directly across 44 from Pennbrooke Fairways.