Property profile

6987 Lecanto Hwy Beverly Hills, FL 34465

OFF-MARKET
Commercial land
Property ID
US19-0715692
0.36 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.08-acre commercial land parcel presents a remarkable development opportunity in rapidly growing Beverly Hills, Florida. Strategically located at the southwest corner of US 41/Florida Avenue (16,500 AADT) and CR 491/Lecanto Hwy (5,800 AADT), this property boasts 450 feet of highway frontage on CR 491, benefiting from a combined traffic count of 22,300 AADT. The site is primed for significant development, situated near the future expansion of both roadways. City water is available. Its proximity to a major regional shopping district featuring Walmart and a new Target Supercenter, ensures high visibility and accessibility. Furthermore, the property's location is advantageous due to its proximity to the planned 550-acre Holder Industrial Park, a potential 6.2-7.5 million square foot development for light/heavy industrial and commercial uses, spearheaded by Duke Energy. This project will significantly impact area traffic and growth. The property offers easy access to Ocala, Lecanto/SR-44, Inverness, and Dunnellon. Located in Citrus County, part of the Tampa-St. Petersburg MSA, this land benefits from a growing population (155,582 residents, 1.29% annual growth rate), and abundant opportunities within a county with over 60,000 vacant parcels ready for development. The county is actively expanding utilities and improving roadways, including the recently completed extension of the 589-Toll Road to SR-44 and planned expansion to CR-486. The property is zoned GNC and offered at $772,900, fee simple ownership. APN: 1576784, 1576792.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.36 ac (15,750 SF)
Zoning code GNC GEN COMMERCIAL
APN 19E-17S-30-0010-00090-006.0
UPID US19-0715692

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6987 Lecanto Hwy Beverly Hills, FL 34465-2517
Beverly Hills metro Census 450106 HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2022
Last sale
$90,000
5 recorded transactions
2022
$90,000
2021
$85,000
2005
$31,000
1997
$6,600
1969
Price N/A

Zoning & alternative use

GNC GEN COMMERCIAL · Beverly Hills, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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