$5,000,000 for Sale
6614 s suncoast boulevard, homosassa, FL 34446
Property Description
This prime, signalized corner is located directly across from the Walmart Supercenter on US HWY 19/Suncoast Blvd (with an Annual Average Daily Traffic (AADT) of 17,988). This area has recently been expanded to a six-lane logistic connection stretching from Hernando County to Fort Island Trail in Citrus County. Covering a total of 18.10 acres, the property boasts approximately 1,300 linear feet of highway frontage, starting at the signalized intersection of US Hwy 19 and W Cardinal Street. This intersection serves as a feeder road to the newly constructed Suncoast Parkway expansion, which runs from US 98 to SR 44 and is on its way to completion to CR 486/Norvell Bryant Hwy. Additionally, within one mile of the subject property, other notable retailers such as Publix, Tractor Supply, and many more have established themselves in this busy commercial corridor. The property is zoned Professional Service Office (PSO) and Medium Density Residential (MDR). The current PSO zoning allows for multifamily residential development over four units per acre, not to exceed 10 units per acre, subject to approval of a PUD Application. Under the permitted uses for the parcel, 70% of the parcel excluding sensitive areas can be developed for Professional/Medical Office, Financial Institutions, Restaurants without drive-thrus (unless conditionally approved), Pharmacy/Drugstores less than 7,000 SF, Multi-Use Strip Centers, Medical Marijuana Treatment Centers, and Small Retail Shops. The remaining MDR zoning allows 50% lot usage over dry land for residential development and up to 40% for non-residential developments. The parcel allows for Single Family Residential Development with a maximum density of 4 units per acre. Higher density developments of 4.1 to 8 units per acre may be permitted with the submission and approval of a PUD Application and some Neighborhood Commercial under conditional use permits.
General Information
Sale Price: $5,000,000
Price/SqFt:
Status: Active
MLS#: OM682389
City: homosassa
Post Office: homosassa
County: Citrus
Acres: 18.1
Lot Dimensions: 880 x 580
Size:
Acreage: 18.1 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes: $7,942
Legal Description: PT OF NE1/4 OF NE1/4 W OF US 19 DESC IN OR BK 32 PG 228 & OR BK 954 PG 223 ET AL - NICHOLAS S KATZARAS BASIL S KATZARAS & MARIA S K HOUMIS
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Elias Kirallah of CENTURY 21 J.W.MORTON R.E., Phone: 352-726-6668