3451 Louise Ln Hernando, FL 34442-4396

This exceptional 26,580 square foot retail center, situated on a 3.27-acre lot in Hernando, Florida, presents a compelling investment opportunity. The property, known as 200 Plaza, is a 12-unit neighborhood shopping center boasting a diverse tenant mix currently occupying 89% of the space. Located on a full city block, it benefits from over 632 feet of highway frontage on SR 200, ensuring excellent visibility and accessibility with easy ingress and egress. The high traffic location is further enhanced by its proximity to US 41 N, boasting a combined 20,800 AADT. Ample parking is provided with 71 well-lit surface spaces (2.8/1,000 SF NRA). The property is zoned General Neighborhood Commercial (GNC). This thriving center is strategically positioned within the Citrus County Submarket of the Tampa/St. Petersburg MSA, a rapidly growing area with an existing population of 153,600 residents and projected growth to 350,000 residents under the county's Local Development Code. Infrastructure improvements are underway to accommodate an anticipated influx of 30,000 new residents by 2030. The area's high number of vacant parcels (61,000 – 3rd highest in Florida) indicates significant future development potential. This property offers a strong return on investment in a prime location within one of the nation's largest MSAs.