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    OFF-MARKET
    Commercial land

    6987 Lecanto Hwy, Beverly Hills, FL 34465-2517

    0.36 ac lot
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US19-0715692
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Domenic Lombardi Realty INC · 3 yrs held
    Domenic Lombardi Realty INC
    since 2022
    Last sale
    $90,000
    5 recorded transactions
    2022
    $90,000
    2021
    $85,000
    2005
    $31,000
    1997
    $6,600
    1969
    Zoning & alternative use
    GNC GEN COMMERCIAL · Beverly Hills, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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