Property profile

97 W Gulf To Lake Hwy Lecanto, FL 34461

FOR SALE
Retail space
Property ID
US18-0545153
21,640 SF 1.98 ac lot Built 2004
Entity Owned 9-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a reinforced concrete block building totaling approximately 22,810 SF, configured as a clear-span showroom/warehouse with operational flexibility. The interior is divided into three suites: approximately 1,500 SF retail, approximately 2,000 SF retail, and approximately 18,310 SF showroom/warehouse, with the ability to function independently or be combined into a single contiguous facility. Loading is supported by a 32-foot-wide dock-high truck well that includes an 8’ x 10’ roll-up door and a portable dock leveler. Ceiling heights are approximately 18 feet in the front showroom area and approximately 15 feet in the rear loading area, and the facility includes substantial electrical infrastructure with approximately 1,200-amp three-phase power and a distributed reduction system for multiple operational zones. The site comprises approximately 12 acres of General Neighborhood Commercial (GNC) zoned land and includes 51 parking spaces. The building has approximately 345 feet of frontage along SR-44 / Gulf to Lake Highway with right-in/right-out access, providing high-visibility exposure and strong east–west frontage. With GNC zoning, the space is suitable for a broad range of general retail and professional or medical office uses, and its clear-span layout, dock-high loading, and power capacity support showroom-to-operations concepts and may also accommodate light industrial or specialty trade uses subject to applicable zoning requirements and approvals.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,640 SF
Lot 1.98 ac (86,205 SF)
Zoning code GNC GEN COMMERCIAL
APN 18E-19S-01-12240
UPID US18-0545153

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Interior Design Home Decor Store

Location

97 W Gulf To Lake Hwy Lecanto, FL 34461
Lecanto metro Census 450704 HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$1.84M

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2002
$130,000
2001
$100,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GNC GEN COMMERCIAL · Lecanto, 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message