Land - Real Estate in Groveland
Listing Price: $4,500,000
Description of Property
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.
Property Details At A Glance
Property Type: Land
City: Groveland
County: Lake
Subdivision: Acreage & Unrec
Annual Tax: $2,661
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Irregular Lot
Lot Size (acres): 58.3
Lot Size (sq. ft.): 2,539,550 square feet
Lot Dimensions: irreg
Road Frontage: State Road
Front Exposure: East
Current Adjacent Use: Vacant
Additional Parcels: Yes
Additional Parcels Description: 12-22-24-0004-000-01700,07-22-25-0002-000-00502, 07-22-25-0002-000-00503,07-22-25-0003-000-00800
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 122224000400001800
Zoning: RES
Tax Legal Desc.: E 500 FT OF SE 1/4--LESS S 2450 FT-- ORB 4712 PG 1226
Section: 12
Range: 24E
Listing courtesy of TRINITY REAL ESTATE SALES LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
