6987 Lecanto HwyBeverly Hills, FL 34465

  • Commercial land
  • 0.36 AC
For Sale
$772,900 View listing

Property Details for 6987 Lecanto Hwy

Lot size
0.36 AC
Zone code
GNC GEN COMMERCIAL
Property type
Commercial land
APN
19E-17S-30-0010-00090-006.0
APU
19E17S300010000900060

Description

This exceptional 1.08-acre commercial land parcel presents a remarkable development opportunity in rapidly growing Beverly Hills, Florida. Strategically located at the southwest corner of US 41/Florida Avenue (16,500 AADT) and CR 491/Lecanto Hwy (5,800 AADT), this property boasts 450 feet of highway frontage on CR 491, benefiting from a combined traffic count of 22,300 AADT. The site is primed for significant development, situated near the future expansion of both roadways. City water is available. Its proximity to a major regional shopping district featuring Walmart and a new Target Supercenter, ensures high visibility and accessibility. Furthermore, the property's location is advantageous due to its proximity to the planned 550-acre Holder Industrial Park, a potential 6.2-7.5 million square foot development for light/heavy industrial and commercial uses, spearheaded by Duke Energy. This project will significantly impact area traffic and growth. The property offers easy access to Ocala, Lecanto/SR-44, Inverness, and Dunnellon. Located in Citrus County, part of the Tampa-St. Petersburg MSA, this land benefits from a growing population (155,582 residents, 1.29% annual growth rate), and abundant opportunities within a county with over 60,000 vacant parcels ready for development. The county is actively expanding utilities and improving roadways, including the recently completed extension of the 589-Toll Road to SR-44 and planned expansion to CR-486. The property is zoned GNC and offered at $772,900, fee simple ownership. APN: 1576784, 1576792.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,387,533
    Hospitality
    $3,102,962
    Educational
    $2,581,628
    Medical
    $2,670,414
    Retail
    $4,015,865

Location Insight

City
Beverly Hills
County
Citrus
State
Florida
Latitude
28.9655
Longitude
-82.4202
CBSA code
26140
CBSA name
HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,059
$67,570
-
$67,570
-
$67,570
-
$67,570

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