3323 W Gulf To Lake Hwy Lecanto, FL 34461
For Sale
This exceptional 18.09-acre commercial land parcel presents a remarkable development opportunity in Lecanto, Florida's rapidly expanding Citrus County. Strategically located at the highly visible northwest corner of Gulf to Lake Highway 44 and County Road 491, this hard-lighted corner lot boasts significant frontage: approximately 580 linear feet on Highway 44 and over 1,200 feet on County Road 491. Its General Commercial (GNC) zoning allows for a wide range of uses, making it ideal for a major retail plaza or other commercial developments. The property's prime location offers easy access to both major roadways and benefits from proximity to established amenities, including the renowned Black Diamond Golf Resort and Plantation Resort & Hotel. Furthermore, significant development is underway in the immediate vicinity, including a planned 800+ residential unit development across Highway 44 and a master-planned commercial, office, and residential campus across County Road 491. This presents a unique opportunity to capitalize on the area's growth trajectory. The property's APN is 18E19S04 24100. The seller is open to exploring various transaction structures, including long-term land leases, subdivision options, or an outright sale. Owner financing with a 50% down payment may be considered. This is the last remaining hard-lighted corner parcel in Lecanto, representing a truly unparalleled investment opportunity. The asking price is $9,995,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
GNC GEN COMMERCIAL · Lecanto, FLLecanto. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.