For Sale
$499,900

0 Modelwood DrBeverly Hills, FL 34465

Prime commercial/industrial land, ready for development.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1.94-acre parcel in Beverly Hills, Florida, presents a rare opportunity for commercial or industrial development. Located in the heart of Citrus County's growth corridor, this pad-ready site boasts a highly desirable GNC zoning designation, allowing for a variety of uses including quick-service restaurants with drive-thrus, automotive services, general retail, and medical or professional offices. The property offers unparalleled visibility with over 195 feet of highway frontage along Highway 491 and convenient access via a signalized intersection at N Modelwood Drive and Highway 491. Multiple points of entry ensure seamless connectivity. City water and sewer are already in place, and offsite retention maximizes lot utilization. Shared signage enhances visibility. This location benefits from its proximity to established businesses like Walgreens and Advance Auto Parts, as well as the Central Ridge regional shopping district, featuring major retailers such as Walmart, Target, and more. The recent Suncoast Parkway extension and future expansions position this property for significant growth within the Tampa MSA. The site is cleared and ready for immediate development, making it an ideal investment for national developers seeking a prime location in a rapidly expanding market. The property's location offers easy access to a substantial customer base, with nearby growing populations in Floral City, Lecanto, Crystal River, and Homosassa. Citrus County's projected population growth to 350,000 by 2030, coupled with ongoing infrastructure improvements, further underscores the exceptional long-term potential of this investment. The APN is 18E18S110130 0130. The asking price is $499,900.

Highlights

  • Rare opportunity to acquire one of seven remaining lots in Beverly Hills, Florida's Golden Gate Center, situated near high-traffic N Lecanto Highway (5,800 AADT).
  • Prime location with strong consumer spending nearby, including restaurants, housing, entertainment, and medical services within a 15-minute radius.
  • Convenient access to the 589 Toll Road (6.5 miles) and Tampa (1 hour, 15 minutes).
  • Citrus County boasts significant residential growth potential (1.29% year-over-year) and capacity for 350,000 residences.
  • Surrounded by major retailers including Winn-Dixie, Dunkin', Dollar Tree, Walmart, Publix, and various QSR/family restaurants.

Property Details for 0 Modelwood Dr

Property type
Land, Industrial properties
Lot Size (sq. ft)
84,506 SF

Location Insight

City
Beverly Hills
County
Citrus
State
Florida
Latitude
28.924714777476
Longitude
-82.463509225296
Modelwood Dr, Beverly Hills, Florida

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0 Modelwood Dr
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