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Property profile & analytics
OFF-MARKET
Land

FL Commercial Way Spg Hl Spring Hill, FL undefined

683,892 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Total area 683,892 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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