3365 Millwood LnHernando, FL 34442

Property Details for 3365 Millwood Ln

Year built

2012

Construction

STEEL FRAME

Lot size

1.26 AC

Property size (Sq ft)

8,320 SF

Zone code

GNC GEN COMMERCIAL

Property type

Retail properties

Property subtype

Outlet malls

APN

19E-18S-10-0010-094.0

APU

19E18S1000100940

Description

This exceptional 8,320-square-foot retail space is available for lease in Hernando, Florida. Located on Highway 200, this single-tenant building offers prime visibility and easy access to both Ocala and Inverness. Built in 2012, the property features a spacious 8,320-square-foot interior, perfect for a variety of commercial uses, including showroom, flex space, or convenient store. The building boasts a 1.26-acre lot with 34 parking spaces, ensuring ample customer parking. The interior features versatile space with ceiling heights ranging from 15 to 19 feet, durable concrete floors, and energy-efficient fluorescent and LED lighting. Two ADA-compliant restrooms are included. The property is zoned GNC and sits on a prominent corner lot with two convenient access points, maximizing visibility and accessibility. This Class C building presents a rare opportunity for businesses seeking a high-traffic location at an affordable rental rate. The property's location in Citrus County, Florida, offers excellent access to major roadways and a growing community. This is an ideal space for businesses seeking high visibility and convenient access for customers. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,298,272

  6.5%

  $2,121,482

  7%

  $1,969,947

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,829,094

  Geo Method

  $3,829,094

• Alternative Use

  Use

  Valuation

  Residential

  $1,789,549

  Hospitality

  $1,639,218

  Educational

  $1,363,810

  Medical

  $1,410,713

  Retail

  $2,121,482

Location Insight

City

Hernando

County

Citrus

State

Florida

Latitude

28.9328

Longitude

-82.378

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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