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TOUCHSTONE REAL ESTATE

info@touchstonerealestate.com +1(352) 223-0053

$ 4,500,000

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STATE ROAD 19 Groveland, FL 34736

58.3 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved

Listing Status Active

Purchase Type For Sale

Subdivision Acreage & Unrec

MLS Listing ID G5097048

HOA Y/N No

Annual Tax Amount $2,660

Lot Size 58.300 Acres

Acres 58.3

Lot Dimensions irreg

Property Sub-Type Unimproved

Source Stellar MLS

Property Description

Great future commercial retail spot! 58.3 acres of vacant land at the corner of Highway 19 and Cherry Lake Road. Located on the West side of Highway 19 running south, the property features a river that runs along the back of it which leads to Cherry Lake on the Clermont Chain of Lakes. These parcels are currently zoned residential, single family residence or multi-family HOWEVER due to the various subdivisions that are projected nearby, the area's need for restaurants, banks, a grocery store, drug store or personal services will increase greatly and the County has indicated their preference to make Highway 19 a commercial corridor. A traffic light will be installed at the corner of Cherry Lake Road and Highway 19 in the near future. There are 5 total parcels being sold together that total the 58.3 acres, with approximately 20 acres high and dry. The possibilities for this location are endless, picture a TIKI BAR overlooking the water with a bike path winding along the river; perhaps an open area shopping center with a restaurant on one end and water sports rentals at the other. There is also a boat launch on the parcel. One lot currently has a home on it with a tenant so PLEASE DO NOT DRIVE ONTO OR ENTER PROPERTY WITHOUT PRIOR APPROVAL. Utilities are at the street which include water, electric and sewer.

Location

State FL

County Lake

Community Acreage & Unrec

Area 34736 - Groveland

Zoning RES

Exterior

Utilities Available Electricity Available, Public, Sewer Available, Water Available

Building

Lot Description Buildable, City Limits, In County, Irregular Lot, Paved

Lot Size Range 50 to less than 100

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5097048

Listed by TRINITY REAL ESTATE SALES LLC

TOUCHSTONE REAL ESTATE

COMPANY OWNER PAGE | BKCQ1051231

+1(352) 223-0053

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TOUCHSTONE REAL ESTATE

STATE ROAD 19 Groveland, FL 34736

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STATE ROAD 19