Commercial Development Lot – Downtown Leesbur 401 N Canal St

This historic 1.94 ± acre lot is a prime commercial/multi-family development opportunity located just two blocks from historic downtown Leesburg and US 441. It has been in the same ownership for nearly 50-years since the days when railcars full of oranges passed by daily headed for the juicing plant down the block. The property has a C-3 Zoning and a Future Land Use of General Commercial, which allows a variety of retail, office, convenience, entertainment, personal, business, and other professional services along with multi-family townhomes and churches.
There are various structures on the site, including a 2,448 square foot office building and a 4,880 square foot warehouse. The lot is spacious and features a beautiful oak hammock that runs along the eastern boundary and a massive oak overlooking the historic train depot across the bordering trail. The bordering Fountain Lake Trail is a rails-to-trails project that converted railroads in Florida to public use recreation trails that offer walking, biking, and other recreational activities. Nearby properties include Beacon College Village Apartments, Advance Auto Parts, Skate World, Nobles Marine Boat Dealer, Leesburg Public Library, Venetian Gardens, Leesburg Boat Club, and public boat ramps on Lake Griffin and Lake Harris.
Leesburg hosts numerous large events annually, such as Bike Fest and Bassmaster Fishing Tournaments that bring thousands to the downtown area. Nearby US 441 brings 32,000 cars daily, which has contributed to growth in this area and has attracted new businesses as traffic flows from Tavares, Mt. Dora, The Villages, and the Orlando Metro area.