FL Commercial Way Spg Hl Spring Hill, FL undefined
This exceptional 15.7-acre parcel, totaling 683,892 square feet, presents a remarkable investment opportunity in Spring Hill, Florida. Located on Commercial Way (US Hwy 19), approximately two miles north of Cortez Boulevard, this fee simple property boasts a highly desirable location with exceptional visibility and high traffic flow (AADT of 25,237 vehicles). The property benefits from highway frontage on Commercial Way and rear access on Clarita Street, offering convenient access and flexibility for development. Currently zoned AG/PDPGH, the land presents potential for commercial rezoning, opening up a wide range of development options. Its strategic location near the rapidly growing Hernando County area, the Gulf of Mexico, and popular attractions like Weeki Wachee Springs, makes it ideal for commercial or mixed-use development. Adding to its appeal, the property currently generates income from a billboard sign, providing an additional revenue stream. This property offers significant potential for future growth and strong returns. The property is situated just north of Long Lake Avenue on the west side.
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
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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.