3451 Louise LnHernando, FL 34442

Property Details for 3451 Louise Ln

Year built

2011

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.27 AC

Property size (Sq ft)

26,580 SF

Zone code

GNC GEN COMMERCIAL

Property type

Retail properties

Property subtype

Strip malls

APN

19E-18S-23-0010-068.0

APU

19E18S2300100680

Description

This exceptional 26,580 square foot retail center, situated on a 3.27-acre lot in Hernando, Florida, presents a compelling investment opportunity. The property, known as 200 Plaza, is a 12-unit neighborhood shopping center boasting a diverse tenant mix currently occupying 89% of the space. Located on a full city block, it benefits from over 632 feet of highway frontage on SR 200, ensuring excellent visibility and accessibility with easy ingress and egress. The high traffic location is further enhanced by its proximity to US 41 N, boasting a combined 20,800 AADT. Ample parking is provided with 71 well-lit surface spaces (2.8/1,000 SF NRA). The property is zoned General Neighborhood Commercial (GNC). This thriving center is strategically positioned within the Citrus County Submarket of the Tampa/St. Petersburg MSA, a rapidly growing area with an existing population of 153,600 residents and projected growth to 350,000 residents under the county's Local Development Code. Infrastructure improvements are underway to accommodate an anticipated influx of 30,000 new residents by 2030. The area's high number of vacant parcels (61,000 – 3rd highest in Florida) indicates significant future development potential. This property offers a strong return on investment in a prime location within one of the nation's largest MSAs.

• CAP approach

  CAP return

  Valuation

  6%

  $7,342,388

  6.5%

  $6,777,589

  7%

  $6,293,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,232,850

  Geo Method

  $12,232,850

• Alternative Use

  Use

  Valuation

  Residential

  $5,717,150

  Hospitality

  $5,236,878

  Educational

  $4,357,022

  Medical

  $4,506,866

  Retail

  $6,777,589

Location Insight

City

Hernando

County

Citrus

State

Florida

Latitude

28.907

Longitude

-82.3767

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].