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Property profile & analytics
OFF-MARKET
Land

1169 Lecanto Hwy Lecanto, FL 34461

0.48 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land offering in Lecanto, Florida, presents multiple outparcel opportunities ranging from approximately 0.86 to 6.84 acres. Located at 1169 N Lecanto Hwy, in Citrus County (zip code 34461), the property is zoned GNC General Commercial, allowing for a variety of uses. Acreage can be adjusted to suit individual needs. The site benefits from its strategic location, just minutes from significant residential developments such as Black Diamond Ranch, Citrus Hills, and Pine Ridge, ensuring a strong customer base. Existing nearby retailers include Walmart, McDonald's, Wendy's, Wawa, Culver's, and Mavis Tire & Brakes, providing immediate brand recognition and high traffic volume. Furthermore, a planned road-widening project by the Citrus County Department of Transportation on CR 491, slated to begin in 2023, will significantly enhance accessibility and visibility. This project will widen CR 491 to four lanes and install a traffic signal at W. Horace Allen St. The area is poised for further growth, with proposed retailers including Target, Aldi, Panera Bread, 7-Eleven, Starbucks, and many more national brands. This presents a unique investment opportunity with high potential for significant return. The property's prime location and future development prospects make it an ideal choice for investors seeking a strong foothold in a rapidly growing market.

Property profile
Verified
Property type Land
Lot 0.48 ac (20,909 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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