Property summary
This exceptional 18.1-acre commercial property presents a remarkable investment opportunity in rapidly growing Citrus County, Florida. Situated at the signalized intersection of US Hwy 19 and W Cardinal Street, this prime location boasts approximately 1,300 linear feet of highway frontage, benefiting from an impressive 25,998 Annual Average Daily Traffic (AADT). The property's strategic position is further enhanced by its proximity to the newly expanded six-lane logistic connection from Hernando County to Fort Island Trail, and the Suncoast Parkway expansion. Zoned for Mixed Use Commercial (see description for details), the land offers significant development potential for a variety of uses, including multifamily residential, professional/medical office, retail, and more. The area is experiencing substantial growth, with Citrus County's population projected to reach 350,000 by 2030, placing it within the 18th largest Metropolitan Statistical Area (MSA) in the U.S. A strong demographic profile exists, with 46,361 residents within a 15-minute drive, boasting an average age of 58 and a median household income of $65,000. Nearby communities include Lecanto, Beverly Hills, and Crystal River, adding to the property's appeal. This is a rare opportunity to acquire a large, strategically located parcel in a high-growth area with excellent access and visibility. The property's mixed-use zoning allows for flexibility in development plans, catering to a wide range of commercial and residential needs. This site is ideally suited for national retailers and developers seeking to capitalize on the region's burgeoning population and economic expansion. The APN is 17E20S12 11300, and the ownership is Fee Simple.
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PSO PROF SERVICES/OFFICE · Homosassa, FLZoning
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Zoning designation
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