2716 Lecanto HwyLecanto, FL 34461

Property Details for 2716 Lecanto Hwy

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.08 AC

Property size (Sq ft)

1,547 SF

Zone code

PSO PROF SERVICES/OFFICE

Property type

Office properties

Property subtype

Office buildings

APN

18E-19S-16-24220

APU

18E19S1624220

Description

Exceptional investment opportunity in Lecanto, FL! This 1,547 sq ft office building sits on a 3.08-acre corner lot, ideally positioned 3.5 miles from the Suncoast Expressway and 2 miles from State Road 44. Benefit from its strategic location between Inverness and Crystal River, an area experiencing significant growth. The property's proximity to Citrus County maintenance buildings and a high concentration of county employees (11,367 within a 1-mile radius, per 2023 census data) ensures high visibility and potential customer traffic. The office features Cat 5 cabling for fast network speeds and a fenced storage area. PSO zoning allows for diverse uses, including office, retail, and public service facilities. Conveniently located near the Citrus County Administrative Building, Health Department, Sheriff's Department, and College of Central Florida. High traffic counts (9,283.50 AADT on nearby Grover Cleveland Blvd) further enhance its appeal. The property currently utilizes septic, but sewer conversion is possible. Potential for sale fully furnished. This presents a unique chance to establish a new business, expand an existing one, or develop a multi-unit facility.

• CAP approach

  CAP return

  Valuation

  6%

  $290,683

  6.5%

  $268,323

  7%

  $249,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,529

  Geo Method

  $282,529

• Alternative Use

  Use

  Valuation

  Residential

  $332,720

  Hospitality

  $304,770

  Educational

  $253,565

  Medical

  $262,286

  Retail

  $394,435

Location Insight

City

Lecanto

County

Citrus

State

Florida

Latitude

28.8233

Longitude

-82.4886

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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