3902 Suncoast BlvdHomosassa, FL 34448

Property Details for 3902 Suncoast Blvd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.41 AC

Property size (Sq ft)

97,134 SF

Zone code

GNC GEN COMMERCIAL

Property type

Retail properties

Property subtype

Strip malls

APN

17E-19S-22-0010-00100-001.0

APU

17E19S220010001000010

Description

Springs Plaza, a Class A retail center in Homosassa, Florida, offers 96,647 square feet of leasable space on 10.42 acres. Built in 1986 and renovated in 1995, this single-story building boasts 18 suites, with a minimum divisible space of 1,050 square feet and a maximum contiguous space of 16,000 square feet. Currently, 14,000 square feet is available for lease. The property features 461 parking spaces and is strategically located at the signalized intersection of US 98 (Suncoast Boulevard) and Halls River Road, offering excellent visibility and accessibility. Key tenants include Publix (currently undergoing renovations), Aaron's, T-Mobile, H&R Block, State Farm, and Optical Outlet. The property also includes a highly desirable 0.86-acre outparcel along US 98, presenting a unique development opportunity. Its location in Citrus County, approximately 59 miles north of Tampa and 75 miles west of Orlando, benefits from a strong local market and a growing population. The property's power supply is 2240-480 volts, and it is zoned GNC. This prime retail location offers a compelling investment opportunity with significant upside potential. The property is 96% leased.

• CAP approach

  CAP return

  Valuation

  6%

  $26,827,180

  6.5%

  $24,763,550

  7%

  $22,994,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $44,703,748

  Geo Method

  $44,703,748

• Alternative Use

  Use

  Valuation

  Residential

  $20,888,982

  Hospitality

  $19,134,194

  Educational

  $15,919,425

  Medical

  $16,466,919

  Retail

  $24,763,550

Location Insight

City

Homosassa

County

Citrus

State

Florida

Latitude

28.8047

Longitude

-82.5782

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].