942 Dellbrook Ln Citrus Springs, FL 34434
This exceptional 13.36-acre parcel in Citrus Springs, Florida, presents a remarkable opportunity for mixed-use development. Zoned RMU/PUD, it allows for a diverse range of projects, including single-family homes (both freestanding and attached), duplexes, and apartments. Further development options, subject to PUD application and approval, encompass recreational uses and limited commercial/industrial ventures such as nursing homes, assisted living facilities, veterinary offices, grocery stores, mini-warehouses, and boat/RV storage. The property is situated in the Citrus County Water and Sewer Territory, though connection to public utilities may be required depending on the chosen development plan. Its prime location less than a quarter-mile from US Hwy 41/Florida Avenue provides excellent accessibility, linking it to major roadways and nearby communities. Benefitting from the recent Suncoast Parkway extension and projected growth in the Tampa MSA, this land offers significant potential for investors seeking to capitalize on Citrus County's expanding population, projected to reach 350,000 by 2030. A nearby population of 46,361 residents, with a median household income of $65,000 and an average age of 58, represents a strong potential customer base. Proximity to Floral City, Lecanto, Beverly Hills, Crystal River, and Homosassa further enhances its appeal. The asking price is $299,900. APN: 18E17S100150 00D0.
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
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Risks
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