This development site, located at 2920 Citrus Tower Boulevard in Clermont, was sold for $2,500,000. The property encompasses 3.83 prime acres, with a building size factor (BSF) of 16,750 and a price per BSF (PPBSF) of $149. The site features a total square footage (SF) of 166,834, equating to a price per square foot (PPSF) of $14. The asset is noted as the last vacant parcel in the Lost Lake Reserve PUD and is intended for quick-service restaurant (QSR) development.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $2,500,000
• Address: 2920 Citrus Tower Boulevard
• Market: Clermont
• Building Size Factor: 16,750
• Price Per Building Size Factor: $149
• Square Footage: 166,834
• Price Per Square Foot: $14
• Buyer: Andy Hawkins
• Seller: Clay Wilson
• Buyer's Representative: Jared Ettinger - JLL
• Seller's Representative: Christopher Settineri - Settineri Group

Jared Ettinger represented the buyer, while Christopher Settineri represented the seller in this transaction. Settineri Group has highlighted the significance of this sale as it marks a notable addition to the development opportunities at HWY 27 in Clermont, Florida.