6945 W Ponce De Leon Blvd Homosassa, FL 34446

Located on Juan Ponce de Leon Highway, this 37.79 +/- acre parcel presents an investment opportunity near the new luxury resort and residential development at Cabot Citrus Farms. The property is suitable for most commercial and multifamily uses, with 10 acres already entitled for high-density luxury multifamily development. The site is envisioned as a walkable, European-inspired village with shops, dog parks, sitting areas, cafes, pubs, restaurants, offices, and apartments. The property may be suitable for businesses such as Texas Roadhouse, Starbucks, Chipotle, Target, Cheddar's, and Cheesecake Factory. The commercial and multifamily vacant land may benefit from the new Florida Live Local Act. It is well-positioned for a town square multi-use development centered around an Astro Turf park and movie theater, restaurants, shops, apartments, and townhomes. Situated at the commercial corner intersection of U.S. Highway 19/98 corridor, this income-comparable prime vacant land is located in west central Florida. The property is set in the center of the Nature Coast, where traffic counts and population are growing. The GNC zoning is in place. The location is at Sugarmill Woods and the gateway to both Citrus and Hernando counties, with access and road frontage on three sides. It is located 4.8 miles to the Suncoast Parkway, FL-589 toll. The population within 10 miles is approximately 50,000, within 20 miles is 425,000, and within 50 miles is 3,500,000.