0 Commercial Way Hernando Beach, FL 34607
This exceptional 35-acre property in Hernando County, Florida, presents a unique investment opportunity. Located near Weeki Wachee, the land boasts a blend of upland and wetland acreage, specifically 12± upland acres (34%) and 23± wetland acres (66%). The property's diverse land cover includes pine flatwoods, freshwater marshes, shrub, and brushland. Access is via Olson Road and a connecting dirt road. The property's strategic location offers proximity to major commercial activity along Highway 19, including residential areas, grocery stores, restaurants, gas stations, car dealerships, entertainment venues, and healthcare facilities. Its adjacency to the expansive Weeki Wachee Preserve (over 11,000 acres) enhances its recreational appeal and creates a sense of spaciousness. Nearby attractions include Weeki Wachee Preserve State Park (famous for its mermaid show) and the Chassahowitzka Wildlife Management Area. The Gulf of Mexico is approximately 3 miles west, providing excellent boating and fishing opportunities. The property's Future Land Use designation includes Conservation (25± acres) and Residential (10± acres), offering potential for both recreational use and a potential homesite. The asking price is $700,000, with a price per acre of $20,000. The Property Appraiser Number (APN) is R1642317000000600000. The permitted zoning is Agricultural. This property offers a compelling combination of recreational value, investment potential, and proximity to amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.