2468 Commercial WayBrooksville, FL 34606

Property Details for 2468 Commercial Way

Year built

1982

Construction

CONCRETE

Lot size

9.20 AC

Property size (Sq ft)

86,670 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

R20-223-17-6000-0000-00A0

APU

R20223176000000000A0

Description

This exceptional 0.5-acre commercial land outlot presents a unique investment opportunity in Spring Hill, Florida. Situated on heavily trafficked US-19 (Commercial Way), this property boasts daily traffic counts exceeding 45,000 vehicles. Its strategic location offers convenient access for both northbound and southbound traffic, with a dedicated left turn lane for southbound access and two right-in access points for northbound traffic. The site benefits from excellent visibility and accessibility, enhanced by its placement near established retail giants including Rural King, Harbor Freight, Big Lots, and Winn-Dixie. This prime location is further complemented by the proximity of other successful businesses such as Long John Silver's/A&W, McDonald's, Red Lobster, Taco Bell, O'Reilly Auto Parts, and Suncoast Credit Union. The property's strategic position between two major shopping centers, Nature Coast Commons (featuring Walmart, JCPenney, Best Buy, and more) and Lakewood Plaza (including Target, Publix, and JOANN), ensures high consumer traffic and visibility. The surrounding area boasts a substantial residential population of approximately 75,000 within a 5-mile radius, with an average household income of approximately $60,000 per year, creating a strong consumer base for any business established on this site. This rare outlot opportunity offers significant potential for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $23,500,600

  6.5%

  $21,692,862

  7%

  $20,143,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,887,928

  Geo Method

  $39,887,928

• Alternative Use

  Use

  Valuation

  Residential

  $18,298,740

  Hospitality

  $16,761,548

  Educational

  $13,945,411

  Medical

  $14,425,016

  Retail

  $21,692,862

Location Insight

City

Spring Hill

County

Hernando

State

Florida

Latitude

28.4692

Longitude

-82.6181

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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