Property profile

299 Gulf To Lk Hwy Lecanto, FL 34461

OFF-MARKET
Individual retail properties
Property ID
US19-0876130
7,254 SF 2.73 ac lot Built 1978
Entity Owned ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Image Consultant

Location

299 Gulf To Lk Hwy Lecanto, FL 34461-9391
Lecanto metro Census 450704 HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$895k

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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