10241 Florida AveCitrus Springs, FL 34434

Property Details for 10241 Florida Ave

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.35 AC

Property size (Sq ft)

3,280 SF

Zone code

PDR PLANNED DEVELOPMENT(S

Property type

Retail properties

Property subtype

Banks

APN

18E-17S-10-0050-05410-008.5

APU

18E17S100050054100085

Description

This exceptional 3,280 square foot free-standing commercial building is situated on a 1.35-acre lot at a highly visible corner location on US 41, directly across from the main entrance to Citrus Springs, Florida. Built in 1988, the Class B property boasts ample parking with 30 spaces, making it ideal for a variety of businesses. Its prime location offers exceptional visibility and accessibility, catering to both walk-in and drive-thru traffic. The versatile space is suitable for a range of uses, including fast-food restaurants, coffee shops, pharmacies, medical clinics, service industries, retail outlets, educational facilities, or dry cleaners. The asking price for this owner-user investment opportunity is $1,300,000. This property presents a rare chance to acquire a well-positioned commercial building in a growing area. The ample lot size and high traffic count make this an attractive investment for entrepreneurs seeking a strong foothold in the Citrus Springs market. The property's location offers significant potential for high returns on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $905,985

  6.5%

  $836,294

  7%

  $776,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,509,546

  Geo Method

  $1,509,546

• Alternative Use

  Use

  Valuation

  Residential

  $705,445

  Hospitality

  $646,184

  Educational

  $537,617

  Medical

  $556,107

  Retail

  $836,294

Location Insight

City

Citrus Springs

County

Citrus

State

Florida

Latitude

29.0129

Longitude

-82.4527

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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