Creative Space on US
2670 N FLORIDA Avenue, Hernando, FL 34442
For Sale
New
$449,000
Commercial Sale, HERNANDO, FL
Property Size1,824 SF
Lot Size1.89 Acres
Price / SF$246.16
Days on Market1
Property Features for 2670 N FLORIDA Avenue
General Information
Property type
Property subtype
Zoning
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
wood flooring
stone fireplace
exposed wood beams
spacious kitchen
open living area
expansive paved area
mature oak trees
generous outdoor setting
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Wayne Buhler · License FL #3341008
(352) 228-9632
Added: Nov 12
Last Checked: Nov 12 at 9:06PM
MLS# CC870223
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 1.89 acres along US Highway 41, this 1,824-square-foot frame building dates to 1950. The interior has hardwood flooring, exposed wood beams, a stone fireplace, an open living area, and a spacious kitchen. Central air and heat-pump heating serve the building; water is public and wastewater is handled by a septic tank. A metal roof, paved outdoor area, and mature oak trees are also on the property.
The site is zoned GNC and fronts the US 41 corridor, where traffic is approximately 21,000 vehicles per day. The existing structure and its interior features are present alongside the paved and landscaped outdoor areas.
The site is zoned GNC and fronts the US 41 corridor, where traffic is approximately 21,000 vehicles per day. The existing structure and its interior features are present alongside the paved and landscaped outdoor areas.
Key Highlights
- 1.89‑acre property along US Highway 41
- Approximately 21,000 vehicles pass daily
- 1,824‑square‑foot frame building, built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,207
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,140
$384.1K
Cap Rate 7%
$274,386
$274.4K
Cap Rate 9%
$213,411
$213.4K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$32.8K $18.00/SF
− Vacancy
−$7.2K −$3.96/SF
EGI
$25.6K $14.04/SF
− OpEx
−$6.4K −$3.51/SF
NOI
$19.2K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,140
Cap Rate 7%
$274,386
Cap Rate 9%
$213,411
Alternative Uses
Best Use
Office B
$274.4K
$240.1K – $320.1K
NOI $19,207 @ 7.0% cap · market cap 4.28%
Second Best
Retail
$250.3K
$219.1K – $292.1K
NOI $17,524 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$409.8K
$358.6K – $478.2K
NOI $28,689 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
21,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 34442, FL
16,759
Population
9,852
Households
1.7
Avg Household Size
63
Median Age
27%
College-Educated
95%
High-School Grad
36.4 sq mi
ZIP Area
460
Density / Sq Mi
$55,473
Median Household Income
$36,864
Median Earnings
$965
Median Rent
$295,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Creative space - An existing frame building features hardwood floors, exposed beams, and a stone fireplace.
Where is this creative space located?
The property is located at 2670 N FLORIDA Avenue Hernando, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1.89‑acre property along US Highway 41; Approximately 21,000 vehicles pass daily; 1,824‑square‑foot frame building, built in 1950
