3902 S Suncoast Blvd, Homosassa, FL 34448
- Strip malls
- 97,134 SF
- 10.41 lot acres
Current Use by Public Records
- 00518 Springs Plaza / Discount Store / Grocery & Convenience Store
Property Details for 3902 S Suncoast Blvd
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.41 lot acres
- Zone code
- GNC GEN COMMERCIAL
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 17E-19S-22-0010-00100-001.0
- APU
- 17E19S220010001000010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 6, 2022 | — | Rg Property Group Holdings LLC | — | Deed · related | $7M · First American Bank |
| Feb 1, 2022 | $10,500,000 | Rg Property Group Holdings LLC | Homosassa Springs | Warranty Deed | — |
| Mar 29, 2019 | — | Homosassa Springs | — | Deed · related | $5M · Mb Fin'l Bk |
| Jul 3, 1996 | — | Homosassa Springs | Connor,michael P | Grant Deed | $5.1M · Main America Capital Lc |
| — | — | Homosassa Springs | — | Loan Modification · related | $5M · Mb Fin'l Bk |
Description
Springs Plaza, a Class A retail center in Homosassa, Florida, offers 96,647 square feet of leasable space on 10.42 acres. Built in 1986 and renovated in 1995, this single-story building boasts 18 suites, with a minimum divisible space of 1,050 square feet and a maximum contiguous space of 16,000 square feet. Currently, 14,000 square feet is available for lease. The property features 461 parking spaces and is strategically located at the signalized intersection of US 98 (Suncoast Boulevard) and Halls River Road, offering excellent visibility and accessibility. Key tenants include Publix (currently undergoing renovations), Aaron's, T-Mobile, H&R Block, State Farm, and Optical Outlet. The property also includes a highly desirable 0.86-acre outparcel along US 98, presenting a unique development opportunity. Its location in Citrus County, approximately 59 miles north of Tampa and 75 miles west of Orlando, benefits from a strong local market and a growing population. The property's power supply is 2240-480 volts, and it is zoned GNC. This prime retail location offers a compelling investment opportunity with significant upside potential. The property is 96% leased.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,115,000
- ML approach
- $7,775,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,658,000
Market price range: $5.06M - $13.3M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $9,300,000 Current use
- COMMERCIAL (GENERAL)
- $16,255,000 Change: +75% Conversion: Easy
- RETAIL STORES
- $13,490,000 Change: +45% Conversion: Easy
- AUTO REPAIR, GARAGE
- $12,110,000 Change: +30% Conversion: Difficult
- WAREHOUSE, STORAGE
- $8,835,000 Change: -5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Homosassa
- County
- Citrus
- State
- Florida
- Longitude
- -82.5782
- Latitude
- 28.8047
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
