5618 Lecanto HwyPine Ridge, FL 34465

Property Details for 5618 Lecanto Hwy

Year built

2003

Lot size

0.71 AC

Property size (Sq ft)

3,969 SF

Property type

Mixed-use properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Pine Ridge

County

Citrus

State

Florida

Latitude

28.9449

Longitude

-82.4457

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