3516 Norvell Bryant HwyHernando, FL 34442

Property Details for 3516 Norvell Bryant Hwy

Year built

1986

Construction

STEEL FRAME

Lot size

4.49 AC

Property size (Sq ft)

15,000 SF

Zone code

IND INDUSTRIAL

Property type

Office buildings

APN

19E-18S-26-13000-00E.0

APU

19E18S261300000E0

Description

This exceptional 7,500-square-foot industrial property, situated on two acres of land in Hernando, Florida, presents a unique investment opportunity. Built in 1988 and renovated in 2000, the single-story building boasts a spacious 50' x 150' footprint, ideal for various manufacturing, commercial, or warehouse uses. The property features a high 18-foot ceiling, enhancing storage and operational efficiency. Access is facilitated by one loading dock, one dock-high door, and one drive-in door, ensuring seamless logistics. Ample parking is available with 18 spaces. The building includes office and parts room space, along with an outdoor garage. The property benefits from 230V 3-phase power, catering to diverse industrial needs. Located at 3516 E Norvell Bryant Hwy, Hernando, FL 34442, this property offers 1000 feet of frontage and is conveniently located in Citrus County. The property is currently vacant and ready for immediate occupancy. This single-tenant property offers a versatile space with significant potential for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,818,761

  6.5%

  $2,601,933

  7%

  $2,416,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,739,450

  Geo Method

  $2,739,450

• Alternative Use

  Use

  Valuation

  Residential

  $3,226,397

  Hospitality

  $2,955,362

  Educational

  $2,458,826

  Medical

  $2,543,390

  Retail

  $3,824,841

Location Insight

City

Hernando

County

Citrus

State

Florida

Latitude

28.8973

Longitude

-82.3756

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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