For Sale
$430,000

5618 Lecanto HwyPine Ridge, FL 34465

Prime location, high growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property in Beverly Hills, Florida, presents a unique investment opportunity. Located at 5618 N Lecanto Hwy, 34465, this single-story, 3,969 square foot building sits on a 0.71-acre lot and boasts 30,998 square feet of air rights. Built in 2003 and renovated in 2023, the property features two units with five bedrooms and eight parking spaces. Currently zoned for mixed use, it's ideally suited for executive, medical, or traditional office space, or even senior living, offering significant flexibility for the owner/user. The asking price is $430,000, and seller financing and lease-option-to-buy are available. The property is situated in a rapidly developing area of Citrus County, experiencing a 2.51% population growth rate, with major commercial developments underway nearby, including the Shoppes at Black Diamond, featuring Target, Texas Roadhouse, Aldi, and Starbucks. This prime location offers significant potential for appreciation and strong rental income. The occupancy date is November 18, 2024. This fee-simple ownership opportunity is also eligible for a 1031 exchange. Don't miss this chance to capitalize on the booming business environment in Citrus County.

Highlights

  • Exceptional mixed-use investment opportunity in rapidly growing Beverly Hills, Florida.
  • 3,969 SF building on a 0.71-acre lot with 30,998 SF of air rights. Two units, five bedrooms, eight parking spaces.
  • Recently renovated (2023), currently zoned for mixed-use, ideal for office or senior living.
  • $430,000 asking price; seller financing and lease-option available; 1031 exchange eligible.
  • Prime location near new Shoppes at Black Diamond (Target, Texas Roadhouse, Aldi, Starbucks), experiencing 2.51% annual population growth. Occupancy November 18, 2024.

Property Details for 5618 Lecanto Hwy

Property type
Specialty properties, Retirement homes
Square Feet
3,969 SF
Year Built/Renovated
2003/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
30,928 SF
Units
2

Location Insight

City
Pine Ridge
County
Citrus
State
Florida
Latitude
28.944937967274
Longitude
-82.445742320355
5618 Lecanto Hwy, Pine Ridge, Florida

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5618 Lecanto Hwy
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