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Property profile & analytics
FOR SALE
Grocery and convenience stores

3030 W Gulf To Lake Hwy Lecanto, FL 34461

2,805 SF 0.51 ac lot Built 1981
Individually Owned 43-yr Hold Free & Clear
Property ID
US18-1813154
Property summary
AI-generated overview

This exceptional 2,805 sq ft retail property, situated on a 0.51-acre lot at 3030 W Gulf To Lake Highway in Lecanto, FL, presents a unique investment opportunity. Established for 27 years, this thriving business boasts a full-line grocery store offering a diverse product selection not readily available in the area. The concrete block and stucco building includes a spacious walk-in cooler, multiple ovens, a comfortable dining area, and an attractive hot food display case. Significant upgrades were completed in 2019, including a new roof and HVAC system, ensuring efficient and cost-effective operation. The property's prime location benefits from close proximity to the new Suncoast Parkway exit ramp, promising increased customer traffic and accessibility. The current owners have successfully operated a profitable restaurant and grocery store for many years, demonstrating the location's strong potential. An adjacent property is also available for purchase, offering the possibility of expanded parking and improved delivery access. This versatile building is well-suited for a variety of commercial uses, including franchise food businesses, making it an attractive investment for both established entrepreneurs and new ventures. The asking price is $899,000.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,805 SF
Lot 0.51 ac (22,421 SF)
Zoning code GNC GEN COMMERCIAL
APN 18E-19S-04-22110-009.0
UPID US18-1813154
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
  • America Grocery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner Name Unavailable · 43 yrs held
Owner Name Unavailable
since 1983
7 recorded transactions
2020
Price N/A
2020
Price N/A
2016
Price N/A
1983
$135,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GNC GEN COMMERCIAL · Lecanto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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