271 Gulf To Lake HwyLecanto, FL 34461

Property Details for 271 Gulf To Lake Hwy

Lot size

2.42 AC

Zone code

GNC GEN COMMERCIAL

Property type

Commercial land

APN

18E-19S-01-0040-00A.0

APU

18E19S01004000A0

Description

This exceptional 2.42-acre commercial property boasts a prime double-corner location on SR 44 (W Gulf to Lake Hwy) in Lecanto, Florida, offering 157 feet of highway frontage and 537 feet on S Highview Avenue. The property enjoys a high traffic count of 26,000 vehicles daily. Zoned GNC, it permits diverse commercial uses, including retail, restaurants (sit-down and drive-thru), and offices. Its strategic location near a retail hub with major stores like Walmart and Lowe's, and within easy reach of several thriving communities (Floral City, Lecanto, Beverly Hills, Crystal River, and Homosassa), ensures strong market access. The property is situated at the entrance to several residential developments, providing access to a substantial population base. A 15-minute drive connects the property to a customer base of 46,361 residents, with a median household income of $65,000 and an average age of 58. Market analysis indicates high consumer spending on dining and healthcare services. Citrus County, where the property is located, is experiencing significant growth, projected to reach 350,000 residents by 2030. This growth is fueled by recent infrastructure improvements, including the Suncoast Parkway expansion and the widening of US 19. The property is within the Citrus County Water and Sewer Territory, though not currently connected to public utilities. Its proximity to US Hwy 41 provides excellent connectivity. The asking price is $287,000. This presents a unique opportunity for significant return on investment in a rapidly developing area within the Tampa-St. Petersburg-Clearwater MSA. The property's zoning allows for a wide array of development possibilities, including single-family homes, attached homes, duplexes, apartments, and various commercial and limited industrial uses, subject to PUD application and approval. The APN is 18E19S010040 00A0.

• Alternative Use

  Use

  Valuation

  Residential

  $22,635,646

  Hospitality

  $20,734,130

  Educational

  $17,250,552

  Medical

  $17,843,826

  Retail

  $26,834,194

Location Insight

City

Lecanto

County

Citrus

State

Florida

Latitude

28.8571

Longitude

-82.4391

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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