3554 Norvell Bryant HwyHernando, FL 34442

  • Warehouses
  • 7,200 SF
For Sale
$2,300,000 View listing

Property Details for 3554 Norvell Bryant Hwy

Year built
1986
Construction
STEEL FRAME
Lot size
4.03 AC
Property size (Sq ft)
7,200 SF
Zone code
IND INDUSTRIAL
Property type
Warehouses
Property subtype
Self storage facilities
APN
19E-18S-26-13000-00H.0
APU
19E18S261300000H0

Description

This exceptional investment opportunity encompasses a substantial 18,054 square foot industrial and manufacturing facility situated on a generous 4.03-acre lot at 3554 E Norvell Bryant Highway in Hernando, Florida. The property comprises two interconnected buildings, linked by a convenient canopy, and boasts two loading bays for efficient logistics. Building #1, a robust 9,490 square foot heavy industrial structure, features impressive 28-foot ceilings and substantial 10-foot industrial garage doors, ideal for various industrial operations. Building #2 offers a versatile blend of space, including a 1,760 square foot office/showroom area and a 5,440 square foot light warehouse space with 12+ foot ceilings. The property also includes a significant 45,000 square foot fully paved area, presenting substantial potential for future expansion or development. This strategic location offers exceptional visibility and accessibility, with an average daily traffic count of 18,600 vehicles on the cross street, according to the Citrus Property Appraiser. The property benefits from its proximity to major commercial developments, including a Target and Starbucks currently under construction, as well as established businesses such as Walmart Supercenter, LKQ, and Wawa. Furthermore, the thriving Citrus County boasts over 80,000 housing units, including nearly 5,000 within the prestigious Citrus Hills communities along W Norvell Bryant Highway, and 60,000 platted recorded lots ready for future development. The major arterial road, Highway 200, provides convenient access to Ocala, Marion County, and Dunnellon, Florida. This property presents a rare opportunity to acquire a well-positioned, versatile industrial facility in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,548,672
    Hospitality
    $1,418,575
    Educational
    $1,180,238
    Medical
    $1,220,828
    Retail
    $1,835,925

Location Insight

City
Hernando
County
Citrus
State
Florida
Latitude
28.8974
Longitude
-82.3746
CBSA code
26140
CBSA name
HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,189
$140,020
$579,190
$719,210
-
$140,020
$579,190
$719,210

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