Property Description
Under contract-accepting backup offers. Don't miss this exceptional investment opportunity in the heart of Leesburg. Ideally situated just west of the intersection of US 27 and South Street (SR 44), this 0.58-acre parcel offers outstanding potential for redevelopment or new construction. Zoned 'Medium Density Residential by the City of Leesburg, the property currently allows for up to two dwelling units, making it an excellent opportunity for duplex development or income-producing residential housing. Positioned near major roadways and regional employment hubs, the location is highly desirable for tenants seeking convenience and accessibility. Existing nearby utility connections further enhance the property's development appeal and may help streamline the building process. The property currently includes an approximately 1,100-square-foot residence in poor condition with significant structural and functional deficiencies, making demolition a likely consideration for most investors. However, for the right buyer, this property presents strong upside potential and the opportunity for a relatively quick return on investment.Motivated seller - priced to move. Contact us today for additional details and development potential.
2104 South Street | MLS# G5112630
This single family home located at 2104 South Street, Leesburg, FL 34748 is currently listed for sale with an asking price of $59,990. This property was built in 1944 and has 2 bedrooms and 1 full baths with 1108 sq. ft. South Street is located in the 00 subdivision. Search 00 real estate on jlederman.watsonrealtycorp.com today.