2872 S Suncoast Blvd, Homosassa, FL 34448

This 49.23± acre property in Homosassa presents a mixed-use development opportunity with over 1,800 feet of frontage on US Hwy 19/98, which sees approximately 21,500 vehicles per day. The property's flexible zoning allows for phased development. Approximately 8.72± acres are zoned General Neighborhood Commercial (GNC), suitable for retail, medical and professional offices, automotive sales and service, restaurants, and service-oriented businesses. Multifamily development is possible at up to 10 units per acre through a Planned Unit Development (PUD), with utility connections meeting Land Development Code requirements. The remaining 40.51± acres are zoned LDR (Low Density Residential), permitting a base density of two dwelling units per acre, potentially increasing to six units per acre through a PUD. Permitted residential configurations include single-family, duplex, and attached housing, with conditional uses such as assisted living facilities, nursing homes, and recreational uses subject to approval. The parcel includes approximately 4.93 acres of GNC commercial uplands, 3.84 acres of GNC wetlands, 34.74 acres of LDR uplands, and 5.77 acres of LDR wetlands. The upland residential acreage of 34.74 acres could support an estimated 69 dwelling units at the base density, approximately 139 units at a realistic planning yield of four units per acre, or up to 208 units at the maximum density with PUD approval. The 4.93 acres of commercial uplands can accommodate approximately 43,000 to 64,000 square feet of commercial development. The site is located within an established retail node and benefits from proximity to the expanded Suncoast Parkway (SR 589), placing it approximately 55 minutes from Tampa International Airport. The planned northern Phase 3 extension is expected to further increase accessibility. The site serves approximately 46,361 residents within a 15-minute trade area.