2872 S Suncoast Blvd Homosassa, FL 34448

This 49.23-acre development opportunity is positioned along US Hwy 19/98 in Homosassa, Florida, offering over 1,800 feet of highway frontage. The location benefits from exposure to approximately 21,500 vehicles per day. The property features a mixed-zoning configuration suited for phased development. Approximately 8.72 acres are zoned General Neighborhood Commercial (GNC), permitting a range of uses including retail, medical and professional office, automotive sales and service, restaurants, and service-oriented businesses. Multifamily development is possible at up to 10 units per acre through a Planned Unit Development (PUD) with utility connections meeting Land Development Code requirements. The remaining 40.51 acres are zoned LDR (Low Density Residential), allowing a base density of two dwelling units per acre with the potential to increase density up to six units per acre through a PUD. Permitted residential configurations include single-family, duplex, and attached housing, while conditional uses may include assisted living facilities, nursing homes, and certain recreational uses subject to approval. The parcel is characterized as approximately 4.93 acres of GNC commercial uplands, 3.84 acres of GNC wetlands, 34.74 acres of LDR uplands, and 5.77 acres of LDR wetlands, based on available GIS mapping and environmental data. The site could support an estimated 69 dwelling units at the base density of two units per acre, approximately 139 units at a realistic planning yield of four units per acre, or up to 208 units at the maximum six units per acre with PUD approval and compliance with infrastructure and utility requirements, using the upland residential acreage of 34.74 acres. The 4.93 acres of commercial uplands provide capacity for approximately 43,000 to 64,000 square feet of neighborhood retail, medical, or service-oriented commercial development, depending on site design and coverage ratios. The site is located within an established retail node supported by national grocers, retailers, quick-service restaurants, fuel stations, and service providers. Direct access to US Hwy 19/98 and proximity to the expanded Suncoast Parkway (SR 589) enhance regional connectivity, placing the property approximately 55 minutes from Tampa International Airport.