32 Acre Industrial/Commercial Approved PUD CR48 Leesburg

Highlights:

• ±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

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 site is approved, with the next step being a site plan without a rezoning process—the entitlement work here is completed.

Located in Leesburg (Lake County, FL) on CR 48 1 mile west of US 27 with numerous existing retail big box, inline and restaurants, and 1 mile east of CR 33/CR 470 which connects the The Villages and Florida's Turnpike at Exit 296, both less than two miles from the site. The Villages, just over a mile to the West, is expanding rapidly to the East with 44000 homes in process into northern Sumter and Lake counties has been a primary driver of development activity throughout this part of Central Florida. Lake County itself has been one of the faster-growing counties in the state over the past decade, with population up roughly 40 percent since 2015, driven mainly by in-state migration rather than a single volatile source. For commercial, flex, and light-industrial users, that combination of rooftop growth, Turnpike access, and committed municipal utilities supports demand for the mix of uses this PUD already allows.

Site topo is flat with no wetlands. City (Leesburg) water and sewer available. Under the approved PUD conditions, the site is organized into two development areas: a 6.5± acre commercial/office/light-industrial tract (Area A) along the CR 48 frontage, built to C-3 (Highway Commercial) standards with a 142,000 SF building cap, and a 25± acre industrial tract (Area B) to the south, built to M-1 (Industrial) standards. A stormwater retention area is sited along the western edge of the property per the approved conceptual plan. Maximum building height across the site is two stories/35 feet, with a minimum 20-foot separation between structures and a 35% open space minimum property-wide. Perimeter landscape buffers range from 10 to 25 feet depending on adjacency, with additional screening required along the western and eastern boundaries.

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