1723 Lecanto Hwy Lecanto, FL 34461-7550
This exceptional 3.57-acre commercial development opportunity is ideally situated in Lecanto, Florida, at 1723 N Lecanto Hwy, 34461. The property consists of three adjoining parcels (APN: 18E-18S-22-0010-108.0, 18E-18S-22-0010-109.0, 18E-18S-22-0010-110.0) and is zoned General Commercial (GNC), offering a wide range of development possibilities. Located east of N Lecanto Hwy, this site benefits from high visibility and traffic counts exceeding 6,100 vehicles daily. Its strategic position is further enhanced by its proximity to a Walmart Supercenter and numerous recently completed construction projects, indicating a thriving and expanding commercial area. The property is not located within a flood zone or wetland, simplifying development plans. This presents a unique chance to capitalize on the growth potential of Lecanto, a community experiencing population increase and boasting a blend of outdoor recreation and convenient amenities. The asking price for this exceptional development site is $2,000,000. This represents a significant investment opportunity in a rapidly developing area of Citrus County, Florida. The property's size, zoning, location, and surrounding development make it an attractive prospect for a variety of commercial ventures.
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Bkw Construction General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GNC GEN COMMERCIAL · Lecanto, FLCosts & 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.