6537 Gulf To Lake HwyCrystal River, FL 34429

This exceptional 16.9-acre development site in Crystal River, Florida, presents a unique opportunity for self-storage investors. Priced at $3,000,000 ($23.81/sq ft), this fee-simple property boasts a fully approved site plan for a 126,000 square foot self-storage facility, eliminating lengthy approval processes. The Planned Unit Development (PUD) zoning allows for immediate construction commencement. Projected NOI is $1,200,000, yielding a compelling pro-forma cap rate of 34.29%. Located at 6537 W Gulf to Lake Hwy, 34429, Citrus County, this prime location benefits from significant recent growth, including a new highway extension connecting to Tampa, and a new shopping center featuring major retailers like Target, Aldi, and PetSmart under construction nearby. A recently approved apartment complex is also situated approximately 500 feet away. Citrus County has experienced record-high building permits in the last year, indicating a robust and expanding market. This is an owner/user investment opportunity with substantial potential for immediate returns. The property is ready for construction, offering a significant advantage over comparable sites requiring extensive pre-development work.