3030 Gulf To Lake HwyLecanto, FL 34461

Property Details for 3030 Gulf To Lake Hwy

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.51 AC

Property size (Sq ft)

2,805 SF

Zone code

GNC GEN COMMERCIAL

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

18E-19S-04-22110-009.0

APU

18E19S04221100090

Description

This exceptional 2,805 sq ft retail property, situated on a 0.51-acre lot at 3030 W Gulf To Lake Highway in Lecanto, FL, presents a unique investment opportunity. Established for 27 years, this thriving business boasts a full-line grocery store offering a diverse product selection not readily available in the area. The concrete block and stucco building includes a spacious walk-in cooler, multiple ovens, a comfortable dining area, and an attractive hot food display case. Significant upgrades were completed in 2019, including a new roof and HVAC system, ensuring efficient and cost-effective operation. The property's prime location benefits from close proximity to the new Suncoast Parkway exit ramp, promising increased customer traffic and accessibility. The current owners have successfully operated a profitable restaurant and grocery store for many years, demonstrating the location's strong potential. An adjacent property is also available for purchase, offering the possibility of expanded parking and improved delivery access. This versatile building is well-suited for a variety of commercial uses, including franchise food businesses, making it an attractive investment for both established entrepreneurs and new ventures. The asking price is $899,000.

• CAP approach

  CAP return

  Valuation

  6%

  $774,783

  6.5%

  $715,184

  7%

  $664,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,290,938

  Geo Method

  $1,290,938

• Alternative Use

  Use

  Valuation

  Residential

  $603,284

  Hospitality

  $552,605

  Educational

  $459,761

  Medical

  $475,573

  Retail

  $715,184

Location Insight

City

Lecanto

County

Citrus

State

Florida

Latitude

28.8515

Longitude

-82.484

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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