6987 Lecanto Hwy, Beverly Hills, FL 34465-2517
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
GNC GEN COMMERCIAL · Beverly Hills, FLBeverly Hills. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.