3729 S Lecanto Hwy Lecanto, FL 34461
- Office buildings
- 2,988 SF
- 2.00 lot acres
Current Use by Public Records
- Legendary Marketing / Marketing Agency
- World's Best Golf Destinations / Media Company
Property Details for 3729 S Lecanto Hwy
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.00 lot acres
- Property size
- 2,988 SF
- Zone code
- GNC GEN COMMERCIAL
- Property type
- Office buildings
- APN
- 18E-19S-21-21330
- APU
- 18E19S2121330
Description
This exceptional commercial property, located at 3729 S Lecanto Hwy in Lecanto, Florida, presents a unique investment opportunity. Spanning 4,812 square feet across three buildings on a two-acre lot, this mixed-use property offers unparalleled versatility. Built in 1930 and 1965 with renovations in 2006, the main building, boasting a residential style, offers approximately 2988 square feet of flexible space suitable for retail, office, or hospitality uses. Two additional buildings, one 1056 square feet and the other 768 square feet, provide further expansion or independent use possibilities. The property benefits from a prime location on busy South Lecanto Hwy, directly across from the College of Central Florida, Wilton Simpson Citrus Campus, ensuring high visibility and accessibility. Ample parking is available for employees and customers. Zoned for commercial and mixed-use purposes, this fee-simple property offers significant potential for various business ventures. The asking price is $1,170,000 ($243.14/sq ft). Lease options and lease/purchase terms are available. The property is currently operating as a vacation rental. Don't miss this chance to own a premium commercial property in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $415,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $495,000
- Retail
- $505,000
- Mixed-Use
- $395,000
- Hospitality
- $450,000
- Educational
- $445,000
- Residential Income
- $500,000
- Energy
- $405,000
- Income-Based Land
- $360,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Lecanto
- County
- Citrus
- State
- Florida
- Longitude
- -82.4869
- Latitude
- 28.8084
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
