Property Details for 4154 N Lecanto Hwy

Property type

Commercial land

Property subtype

Commercial real estate

Description

NATIONAL DEVELOPERS WELCOME DEVELOPABLE 1+ ACRE COMMERCIAL 196’ OF HWY FRONTAGE WITH 6,100 TRAFFIC $$OFFERING TO BUYER BROKER COMMISSION AT CLOSING$$ Located in the heart of Citrus County's growth corridor, Lot 12 is an outparcel within the newly developed Golden Gate in Beverly Hills, Florida. This 1.17-acre site is zoned for a variety of commercial uses, including quick-service restaurants (QSR) with drive-thru, automotive services, general retail, and medical or professional offices. It is part of a thriving development alongside established businesses such as Walgreens, Advance Auto Parts, and the new Pizza Hut with drive-thru. The property offers excellent visibility with over 195 feet of highway frontage along Hwy 491 and convenient access via the signalized intersection at N Modelwood Drive and Hwy 491. Multiple points of entry, including three from CR 491 and two from N Modelwood Drive, provide seamless connectivity to adjacent parcels through a cross-access service road, with both front and rear access to the parcel. Just 2.8 miles north of the Central Ridge regional shopping district, this location is near major retailers like Walmart, Target, Aldi, Hobby Lobby, Texas Roadhouse, Panera Bread, 7-Eleven, and other national and regional brands. The site is cleared and ready for development, with access to offsite retention for maximum lot utilization, and city water and sewer lines already in place. Additionally, shared signage will enhance the visibility of businesses located on the property. Adjacent to Lot 12 and available for separate purchase are Lot 11 (1.17 acres, $500,000) and Lot 13 (1.93 acres, $500,000), offering the opportunity to combine the parcels for a total of 4.28 acres at a price of $1,500,000. This site is ideally positioned to benefit from the recently completed extension of the Suncoast Parkway and future expansions, with Citrus County poised for significant growth within the Tampa MSA. Located just 15 minutes from a customer base of 46,361 residents with an average age of 58 and a median household income of $65,000, the property also enjoys proximity to growing populations in Floral City (7.8 miles), Lecanto (2 miles), Crystal River (10 miles), and Homosassa (15 miles). Citrus County, currently home to 153,600 residents, is projected to experience rapid growth, reaching an estimated population of 350,000 by 2030 under the county's Land Development Code. As part of the Tampa-St. Petersburg-Clearwater MSA, ranked as the 18th largest in the U.S., Citrus County is emerging as one of the nation’s top real estate markets. Logistic Details: County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side. County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest, and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491. County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these type of 'coastal spur' routes, in West Central Florida, it is county maintained. U. S. Route 19 (US-19 ) runs 264 miles (425 km) along Florida's West Coast from an interchange with U. S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Hwy constructed from Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida. Suncoast Parkway: The Suncoast Parkway recently opened was a of $135 Million Dollar expansion which extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System. The Suncoast Parkway is just 68 Miles 1 hour and 15 mins from Tampa making it a great commuting Highway for workforce seeking to be outside of the Tampa traffic. The Veterans Expressway and Suncoast Parkway is a north“south toll road near the Florida Gulf Coast. Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto. Citrus County Growth: Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data. Citrus County, Florida is the 34th largest county in Florida. The 2010 Population was 141,173 and has seen a growth of 10.21% since this time. Citrus County current LDC allows for approximately a population of 350k residencies. Given the expansion of the Suncoast Parkway and the 6-lane expansion of US 19 we are in the path of tremendous growth. Currently, Citrus County has 60,000 vacant parcels of land prime for development. The County and incorporated Cities have plans for extensive utility expansion throughout the county including the expansion of the Crystal River Airport Run Way 5000 feet to allow for larger aircraft to land and take off including a newly funded 75 acres industrial complex granted by the state to expand utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features. Community Development: 957 single-family residential homes on a 354-acre site in Lecanto. 500 lot subdivision, located in Citrus Springs by Habitat for Humanity of Citrus County. Green Mills Group in 2020 built a 106-unit apartment campus offering affordable housing on Colonade Street in Inverness. County commissioners approved a planned unit development (PUD) for Preservation Point RV Resort, a 234-acre property. Jaymelday Holdings LLC calls for up to 600 RV sites, along with amenities such as pool, golf cart rentals, bar and grill, basketball court and walking trails in Crystal River. 207 Home subdivision by DR Horton in Beverly Hills, Florida Citrus Ridge Area. 930 Unit Subdivision in Planning with national builder in Lecanto just off the Suncoast Parkway extension on SR 44.

Location Insight

City

Beverly Hills

County

Citrus

State

Florida

Longitude

-82.4645619

Latitude

28.9243242