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Property profile & analytics
OFF-MARKET Estimated value $900,000
Individual retail properties

299 Gulf To Lk Hwy Lecanto, FL 34461-9391

7,254 SF 2.73 ac lot Built 1978
Entity Owned ~ Est. High Equity
Property ID
US19-0876130
Property summary
AI-generated overview

This exceptional 7,254-square-foot retail building in Lecanto, Florida, presents a prime commercial opportunity. Located at 299 E Gulf to Lake Hwy, this single-tenant property sits on a 2.73-acre lot with 68 parking spaces and boasts 297 feet of highway frontage on SR 44. Built in 1978, the building features a 3-phase electrical system and is zoned GNC. The property's open floor plan is highly adaptable, suitable for various uses including restaurants, bars, or QSR establishments. Its previous configuration included a ballroom, kitchen with walk-in refrigeration and hood/fire suppression system, cocktail lounge, and meeting hall. Recent upgrades include a new HVAC system and interior lighting. The property benefits from its location between Inverness and Crystal River, offering access to a substantial customer base within a 5-mile radius, including Citrus Hills. With the expansion of the Suncoast Parkway and projected population growth in Citrus County (estimated to reach 350,000 residents by 2030), this property offers significant long-term investment potential. The area's strong consumer spending on dining and healthcare services further enhances its appeal. Its proximity to key facilities like the Citrus County Courthouse and Citrus Memorial Hospital adds to its strategic advantage within the Tampa-St. Petersburg-Clearwater MSA, the 18th largest in the U.S. The property's two points of ingress and egress ensure convenient access for customers and employees. This is a rare opportunity to acquire a well-located, adaptable commercial property in a rapidly growing market. The APN is 18E19S010010 000D0 0060.

Property profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,254 SF
Lot 2.73 ac (118,745 SF)
Zoning code GNC GEN COMMERCIAL
APN 18E-19S-01-0010-000D0-006.0
UPID US19-0876130
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
Current use
Occupant on record · Public records
  • Colon image Image Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$900k
Owner & transaction history
Tigon 299 E Gulf LLC
Tigon 299 E Gulf LLC
since 2025
Last sale
$900,000
4 recorded transactions
2025
$830,000
2021
$900,000
2004
$400,000
1969
Price N/A
Zoning & alternative use
GNC GEN COMMERCIAL · Lecanto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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