CLERMONT, FL-Lake-Sumter Community College has won an A in business administration and South Lake Hospital has earned an A-plus in community relations as it closes on a 28-acre, $350,075 land sale to the college, 25 miles west of Downtown Orlando.

The hospital bought the State Road 50 land three years ago and held it until the Leesburg, FL-based college had saved enough money to buy the tract for use as part of a planned South Lake County campus. The hospital sold the dirt for the price it paid–$12,503 per acre or 29 cents per sf.

Comparable tracts in the State Road 50 area have sold for double that price in the past two years, brokers tell The college is completing the second of three planned buildings on a 79-acre tract adjacent to the hospital.

There are no immediate development plans for the newly acquired 28-acre tract. The college’s main campus is off U.S. 441 north in Leesburg, 25 miles from the South Lake campus.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.