Freestanding Corner Retail
10241 N Florida Avenue Citrus Springs, FL 34434
For Sale
$775,000
Pending
SINGLE_FAMILY - Citrus Springs, FL
Property Size3,280 SF
Lot Size1.35 Acres
Days on Market529
Property Features for 10241 N Florida Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- PDR
- Parking features
- Driveway
- Exterior features
- ConcreteDriveway
- Standard status
- Pending
- APN
- 2538007
- Lot size
- 1.35 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CITRUS SPGS UNIT 5 PB 6 PG 1 PT OF LOT 8 BLK 541 FURTHER DESC IN OR BK 985 PG 513
- Tax Annual Amount
- 7535
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Stucco
- Roof type
- Flat
Listing Agency:
Century 21 J.W.Morton R.E.
(352) 726-6668
Listed By:
Thao Le · License #3390499
(352) 586-3666
Added: Feb 11, 2025
Changed: Jul 23
Last Checked: Jul 25 at 2:06AM
MLS# 841219
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 10241 N Florida Avenue in Citrus Springs, Florida, this freestanding corner commercial property sits on 1.35 acres and includes a 3,280 sq.ft building. The site is described as a lighted corner with parking, positioned on US 41 across from the Citrus Springs main entrance.
The listing describes strong visibility and accessibility for walk-in and/or drive-thru concepts, and it lists a range of potential business types including fast-food restaurants, coffee shops, pharmacies, medical clinics, service industries, retail outlets, educational facilities, and dry cleaners. Zoning is listed as PDR.
For sale at $775,000, the property is presented as a single-asset offering; contact the broker for additional details or to schedule a showing.
The listing describes strong visibility and accessibility for walk-in and/or drive-thru concepts, and it lists a range of potential business types including fast-food restaurants, coffee shops, pharmacies, medical clinics, service industries, retail outlets, educational facilities, and dry cleaners. Zoning is listed as PDR.
For sale at $775,000, the property is presented as a single-asset offering; contact the broker for additional details or to schedule a showing.
Key Highlights
- Prime 1.35 acre commercial corner lot on US 41.
- High visibility location across from Citrus Springs main entrance.
- 3,280 sq.ft. free‑standing building suitable for various businesses.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $21.96 |
| − Vacancy | −$3.2k | −$0.99 |
| EGI | $68.8k | $20.97 |
| − OpEx | −$17.2k | −$5.24 |
| NOI | $51.6k | $15.73 |
3,280 SF · lease $21.96/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$737.0K
$644.9K – $859.9K
NOI $51,591 @ 7.0% cap · market cap 6.66%
Second Best
Healthcare Medical
$655.2K
$573.3K – $764.4K
NOI $45,866 @ 7.0% cap · market cap 5.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - A 3,280 sq.ft freestanding retail building on a lighted corner with parking on 1.35 acres on US 41.
Where is this retail space located?
The property is located at 10241 N Florida Avenue Citrus Springs, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Prime 1.35 acre commercial corner lot on US 41.; High visibility location across from Citrus Springs main entrance.; 3,280 sq.ft. free‑standing building suitable for various businesses.
