3822 County Road 48
- ±32.68 acres zoned PUD by the City of Leesburg (Industrial/Commercial uses)
- Entitled for commercial, office, light-industrial, and industrial use; no rezoning required
- Area A (6.5± ac): up to 142,000 SF, C-3 development standards
- Area B (25± ac): M-1 industrial development standards
- Dual frontage/access: County Road 48 and Haywood Worm Farm Road
- 11,500 AADT on CR 48
- City of Leesburg water, wastewater, and natural gas committed to the property
- ±2 miles to Florida's Turnpike (Exit 296) via CR 470
- ±1 miles to The Villages
- 40,000+ homes under development within 10 miles.
- Located in one of Florida's faster-growing counties
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $5,228,800 |
| Lot Size: | 32.68 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout