32 Acre Industrial/Commercial Approved PUD CR-48 Leesburg

Located in Leesburg (Lake County, FL) on CR 48 1 mile west of US 27 with numerous existing retail big box, inline and restaurants, and 1 mile east of CR 33/CR 470 which connects the The Villages and Florida's Turnpike at Exit 296, both less than two miles from the site. The Villages, just over a mile to the West, is expanding rapidly to the East with 44000 homes in process into northern Sumter and Lake counties has been a primary driver of development activity throughout this part of Central Florida. Lake County itself has been one of the faster-growing counties in the state over the past decade, with population up roughly 40 percent since 2015, driven mainly by in-state migration rather than a single volatile source. For commercial, flex, and light-industrial users, that combination of rooftop growth, Turnpike access, and committed municipal utilities supports demand for the mix of uses this PUD already allows.32.68 ± acre approved/entitled industrial/commercial PUD development site in Leesburg with 985 feet fronting CR 48. The property includes a 6.5±-acre commercial/office/light-industrial tract (Area A) and a 25 ± acre industrial tract (Area B), with a permitted-use list covering flex/warehouse, professional office, medical and veterinary uses, mini-warehouse, vehicle sales and service, and all C-1 through C-3 and M-1 uses. Area A allows up to 142,000 square feet of building area at two stories/35 feet. The site fronts County Road 48 roughly 1,200 feet east of County Road 33, with a second access point on Haywood Worm Farm Road along its eastern boundary. The approved PUD conditions call for a boulevard-style CR 48 entrance with a divided median. The City of Leesburg has committed to serve the property with water, wastewater, and natural gas, with on-site utility construction to be completed by the developer. CR 48 carries roughly 11,500 vehicles per day, and the property sits approximately two miles from Florida’s Turnpike at Exit 296 via CR 470, an interchange the Turnpike Enterprise is currently in design to widen. Lake County has been one of the faster-growing counties in Florida over the past decade, with population up roughly 40 percent since 2015, and 40,000 homes are in process within a 10-mile radius. The Villages, a large part of this growth, is 1+ miles to the west, as this immediate area is in significant growth mode. The City of Leesburg approved a site plan (including full engineering) for development of the entire 32-acres site as evidenced by letter dated 12/11/25. The stormwater design reflected in the approved site plan, as well as in the SJRWMD ERP, is based on a concept plan and is essentially a factor of the total parking/building combined. This plan has a total of 18.64 acres of impervious, or 57% impervious consisting of building and pavement. This plan accommodates/contains +/- 290K SF of building. The SJRWMD ERP was issued on 2/10/26. Site development bids were obtained from multiple contractors in June 2026, with the best bid being $2,650,000.