$4,500,000 for Sale

state road 19, groveland, FL 34736

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Property Description
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.
General Information
Sale Price: $4,500,000
Price/SqFt:
Status: Active
MLS#: G5097048
City: groveland
Post Office: groveland
County: Lake
Subdivision: acreage & unrec
Acres: 58.3
Lot Dimensions: irreg
Size:
Acreage: 58.3 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes:  $2,661
Legal Description:  E 500 FT OF SE 1/4--LESS S 2450 FT-- ORB 4712 PG 1226


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Bobby Orr of TRINITY REAL ESTATE SALES LLC, Phone: 321-299-3189
(518) 231-2450 Call Cathy Keenan for more information about this property.

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