12421 Handy Ter Dunnellon, FL 34433

This 990-square-foot commercial property, situated on a 0.13-acre lot at 12421 N Handy Terrace in Dunnellon, Florida, presents a unique investment opportunity. The building, constructed in 1950, requires significant renovations. Currently in poor condition, it was originally a three-bedroom residence, offering potential for conversion into an income-generating property. Its location on the southwest side of the Withlacoochee River, approximately 535 feet of river frontage, provides exceptional visibility and access. The General Commercial zoning allows for a variety of uses, including but not limited to: vacation cottages, watercraft rentals, retail shops (grocery, clothing, hardware), service businesses (hair salon, auto repair), and professional offices. The property benefits from its proximity to downtown Dunnellon (five minutes away), offering easy access to dining, shopping, and other services. The area's popularity for kayaking and boating, with convenient access to the Rainbow and Withlacoochee Rivers, further enhances its appeal. A boat ramp is located directly across the river, along with the Blue Gator Bar & Restaurant. Dunnellon's rapid growth makes this a particularly attractive investment for those seeking a short-term rental, primary residence, or vacation cottage opportunity. The property's location at the confluence of two rivers offers stunning scenery and recreational opportunities. The asking price is $128,800.