1169 Lecanto Hwy Lecanto, FL 34461
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.