3959 Suncoast BlvdHomosassa, FL 34448

Property Details for 3959 Suncoast Blvd

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.62 AC

Property size (Sq ft)

14,364 SF

Zone code

GNC GEN COMMERCIAL

Property type

Retail properties

Property subtype

Drug stores

APN

17E-19S-22-0010-00230-001.0

APU

17E19S220010002300010

Description

This exceptional 14,364 square-foot freestanding retail building presents a unique investment opportunity in Homosassa, Florida. Located on a 1.51-acre lot zoned GNC, this former CVS pharmacy enjoys a highly visible position at the signalized intersection of South Suncoast Boulevard and West Grover Cleveland Boulevard, boasting 278 feet of frontage on Suncoast Boulevard, a major commercial artery. The property benefits from exceptional visibility, situated directly across from a Publix supermarket and surrounded by a strong concentration of national and regional retailers including McDonald's, Winn-Dixie, Dollar Tree, Dollar General, Ace Hardware, RaceTrac, Walgreens, and Tractor Supply. Ample parking is provided with 89 spaces (6.16 per 1,000 square feet). The building features desirable attributes such as a 20+ foot clear height, a drive-thru, and benefits from over 30,000 vehicles per day (VPD) exposure. The initial estimated monthly rent is $23,342 (base rate) plus applicable sales tax. This property offers significant potential for a variety of retail uses and represents a compelling investment in a thriving commercial corridor. The location's high traffic counts and proximity to established businesses make it an ideal location for a variety of retail businesses. The substantial size and features of the building provide ample space and functionality for a wide range of potential tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $3,967,165

  6.5%

  $3,661,999

  7%

  $3,400,427

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,610,709

  Geo Method

  $6,610,709

• Alternative Use

  Use

  Valuation

  Residential

  $3,089,033

  Hospitality

  $2,829,538

  Educational

  $2,354,142

  Medical

  $2,435,104

  Retail

  $3,661,999

Location Insight

City

Homosassa

County

Citrus

State

Florida

Latitude

28.8042

Longitude

-82.5758

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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