34.79+- ac Mixed Use Vacant Land in Lecanto

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30184287
Property Subtypes: Hospitality, Office, Residential (Single Family), Retail, Retail-Pad
Status: Pending
Gross Land Area: 34.79 Acres
Sale Price: $2,000,000
Unit Price: $57,487 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

PROPERTY DESCRIPTION The opportunity is to develop two parcels located at 3768 and 4134 W. Norvell Bryant Highway, Lecanto, Citrus County. One parcel is located at 4134 W. Norvell Bryant Highway and consists of 34.79 acres The 2nd parcel is located at 3768 W Norvell Bryant Highway and consists of 5.98 acres with off-site retention. There are leases on both parcels for the billboards that can be terminated upon sale or development. There are utilities along the frontage of Norvell Bryant Highway to support the type of development the land is now zoned for.

LOCATION DESCRIPTION The parcels are located on the south side of W. Norvell Bryant Highway (also known as CR486) in Lecanto, Citrus County, FL. There is a new Walmart Supercenter located less than a mile to the east of the subject properties on the south west corner of W. Norvell Bryant Highway & N Lecanto Highway. Crystal River is located less than 6 miles to the east, Brooksville is located approximately 24 miles to the south, The Villages are located approximately 30 miles to the east and Ocala is approximately 30 miles to the northeast.

PROPERTY SIZE 34.79+/- Acres - Parcel ID 3477179 5.98+/- Acres - Parcel ID 3460549

ZONING 34.79+/- Acre Parcel: Professional/Service/Office (PSO) for 9.1+/- Acres along W Novell Bryant Highway; Medium Density Residential (MDR) for 5.9+/- Acres & Low Density Residential (LDR) for the remaining 19.79+/- Acres. 5.98+/- Acre Parcel: Professional/Service/Office (PSO)


$2,000,000 - 34.79+/- Acre Parcel

$500,000 - 5.98+/- Acre Parcel

This listing has a variable rate commission.

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Tax ID/APN: 18E18S28 41400

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,916 21,208 42,936
Median Age: 64.29 53.52 55.27
Households: 903 9,677 19,188


Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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