0 Modelwood Dr, Beverly Hills, FL 34465
This exceptional 1.94-acre parcel in Beverly Hills, Florida, presents a rare opportunity for commercial or industrial development. Located in the heart of Citrus County's growth corridor, this pad-ready site boasts a highly desirable GNC zoning designation, allowing for a variety of uses including quick-service restaurants with drive-thrus, automotive services, general retail, and medical or professional offices. The property offers unparalleled visibility with over 195 feet of highway frontage along Highway 491 and convenient access via a signalized intersection at N Modelwood Drive and Highway 491. Multiple points of entry ensure seamless connectivity. City water and sewer are already in place, and offsite retention maximizes lot utilization. Shared signage enhances visibility. This location benefits from its proximity to established businesses like Walgreens and Advance Auto Parts, as well as the Central Ridge regional shopping district, featuring major retailers such as Walmart, Target, and more. The recent Suncoast Parkway extension and future expansions position this property for significant growth within the Tampa MSA. The site is cleared and ready for immediate development, making it an ideal investment for national developers seeking a prime location in a rapidly expanding market. The property's location offers easy access to a substantial customer base, with nearby growing populations in Floral City, Lecanto, Crystal River, and Homosassa. Citrus County's projected population growth to 350,000 by 2030, coupled with ongoing infrastructure improvements, further underscores the exceptional long-term potential of this investment. The APN is 18E18S110130 0130. The asking price is $499,900.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.