Share This Listing

Message

917 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

20425 U.S. 27 - 113 Acres - Florida Turnpike, SR 19, USHwy 27 113 Acres of Residential Land Offered at $14,250,000 in Groveland, FL 34736

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 113 Acre Development Opportunity
  • Confluence of Florida's Turnpike, SR 19, and US Hwy 27
  • 30 minutes to Downtown Orlando
  • Approved PUD Zoning
  • Over 6 million SF of Industrial within 1 mile

EXECUTIVE SUMMARY

Located within the City of Groveland, this expansive seven-parcel site spans approximately 113 acres, offering a canvas for visionary development. With its approved Planned Unit Development (PUD) zoning and designated future land use is Town, the site is primed to transform into a vibrant community hub. The original preliminary plans pave the way for a dynamic blend of 68,000 square feet of commercial space, 72 single-family homes, 324 multifamily units, 102 townhomes, and 196 detached Build-to-Rent (BTR) properties.
Strategically positioned at the confluence of US Highway 27, State Road 19, and the Florida Turnpike, this prime land site in Groveland, FL offers unparalleled connectivity and growth potential. With a new north/south interchange on Florida’s Turnpike, the site boasts exceptional accessibility, making it a gateway to opportunity. Residents can reach Downtown Orlando's business hub in just 30 minutes. This site is conveniently located just seven miles from both Groveland and Minneola, nine miles from Clermont, and 14 miles from Leesburg. This location is poised to be a cornerstone of growth and connectivity.

PROPERTY FACTS

Price $14,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Mixed Use
  • Apartment Units
  • Planned Unit Development
  • Single Family Development
Total Lot Size 113.00 AC
Zoning PUD - Approved Planned Unit Development (PUD) zoning and Town future land use

1 LOT AVAILABLE

Lot

Price $14,250,000
Price Per AC $126,106.19
Lot Size 113.00 AC

This expansive seven-parcel site spans approximately 113 acres, offering a canvas for visionary development. The site has preliminary approvals in place for single family, multifamily, BTR/TH, and commercial.

DESCRIPTION

The Ford Industrial Park is the largest industrial park in Lake County and is located less than a mile from the site at the SW corner of US Highway 27 and State Road 19. Spanning an impressive 1,000 acres, this industrial powerhouse boasts five million square feet of prime industrial space. Home to Amazon, Quietflex, Samsung Electronics, The Kroger Company, and Niagara Bottling, the park is a hub of innovation and productivity. The Kroger fulfillment center employs approximately 900 people and recently benefited from a $5 million investment. The Amazon distribution facility, which opened its doors in 2021, employs around 500 individuals, further cementing the park's status as a key economic driver. Across SR 19, Duke Energy occupies 1 million square feet of industrial space with 150 employees. Orlando Health’s 180-acre South Lake campus is located nine miles south and features a 170-bed hospital and over 1,700 employees, delivering exceptional healthcare services. In addition, Orlando Health opened an emergency room with 12 treatment rooms that is open 24 hours a day and 7 days a week, located four miles northwest of the site. AdventHealth is investing $50 million in Lake County, with two major projects: a 50,000-square-foot medical office at the Tavares campus and a 14,000-square-foot freestanding ER in Fruitland Park, both set for completion in 2026. These developments highlight a strong commitment to enhancing the region's healthcare landscape.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 22-21-25-0003-000-01700
  • 22-21-25-0003-000-01901
  • 19-21-25-0001-000-00100
  • 27-21-25-0002-000-00300
  • 27-21-25-0002-000-02100
  • 22-21-25-0003-000-01800
  • 22-21-25-0003-000-01902
Land Assessment
$29,069
Improvements Assessment
$6,760
Total Assessment
$69,569
  • Listing ID: 35674304

  • Date on Market: 4/29/2025

  • Last Updated:

  • Address: 20425 U.S. 27, Groveland, FL 34736

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}