6614 S Suncoast Blvd, Homosassa, FL 34446

This commercial property features over 18 acres of developable land with approximately 1,300 linear feet of highway frontage on US Hwy 19/Suncoast Blvd. The property is located at a signalized corner directly across from the Walmart Supercenter. The area has been expanded to a six-lane logistic connection. The property is zoned Professional Service Office (PSO) and Medium Density Residential (MDR). The current PSO zoning allows for multifamily residential development over four units per acre, not to exceed 10 units per acre, subject to approval of a PUD Application. Under the permitted uses for the parcel, 70% of the parcel excluding sensitive areas can be developed for Professional/Medical Office, Financial Institutions, Restaurants without drive-thrus (unless conditionally approved), Pharmacy/Drugstores less than 7,000 SF, Multi-Use Strip Centers, Medical Marijuana Treatment Centers, and Small Retail Shops. The remaining MDR zoning allows 50% lot usage over dry land for residential development and up to 40% for non-residential developments. The parcel allows for Single Family Residential Development with a maximum density of 4 units per acre. Higher density developments of 4.1 to 8 units per acre may be permitted with the submission and approval of a PUD Application and some Neighborhood Commercial under conditional use permits. The property is strategically positioned to capitalize on the newly constructed extension of the Suncoast Parkway. Citrus County is projected to see exponential growth, potentially reaching an estimated 350,000 residents by 2030. Just a 15-minute drive from the property lies an ideal customer base of 46,361 residents, with an average age of 58 and a median household income of $65,000. The property provides access to thriving populations in Lecanto (12 miles away), Beverly Hills (15 miles away), and Crystal River (10 miles away).