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912 Linden Street - Lady Lake Apartments Development Site

27.76 Acres of Residential Land in Lady Lake, FL 32159

Investment Highlights

  • Approved 4-story, surface-parked development opportunity in Central Florida
  • Strong market demand and lack of supply have kept occupancies over 90% for 10+ years
  • Direct access to US 441, I-75, and US-301
  • Proximity to existing amenities, grocers, and retail

Executive Summary

Avison Young is pleased to exclusively offer for sale the Lady Lake Luxury Apartments Development Site (“the Property”), a ±27.76 acre development opportunity located at 912 Linden Street in Lady Lake, FL. The Property is fully entitled for 330 multifamily garden-style units across 6 residential buildings, with a clubhouse, leasing office, and 648 surface parking spaces.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 27.76 AC

1 Lot Available

Lot

Lot Size 27.76 AC

Description

Located at the nexus of The Villages, Ocala, and Orlando, and within immediate proximity to I-75 and the Florida Turnpike, the Property has incredible connectivity and access. Florida continues to witness immense in-migration and revitalization across the state which has continued to propel residential market metrics and fundamentals to all-time highs. The Property offers an immense developable footprint with a clear path to execution through its existing entitlements and will house a highly desirable development in a market stricken by a lack of supply and ever-increasing demand.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 28-18-24-0001-000-00300
  • 24-18-28-0001-000-00300
Land Assessment
$2,023,099
Improvements Assessment
$0
Total Assessment
$2,023,099

zoning

Zoning Code R1 (Heavy Commercial (HC) and Manufactured Homes High Density (MH-9))
R1 (Heavy Commercial (HC) and Manufactured Homes High Density (MH-9))
  • Listing ID: 29546831

  • Date on Market: 9/18/2023

  • Last Updated:

  • Address: 912 Linden Street, Lady Lake, FL 32159

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