Commercial Land for Sale in Lecanto, Florida

Stop! Don't Miss Out! This signalized double-corner commercial property of 2.42 acres features 163 feet of road frontage on SR44/E Gulf to Lake Hwy (27,900 AADT) and 537 feet on S Highview Avenue. Zoned GNC Commercial, this property permits a variety of commercial uses, including retail, office, restaurants, sit-down, and drive-thru options, among others. Within 5 miles of the property, you'll find a retail hub with Walmart, TJ Maxx, Lowe's, and several restaurants and quick-service options. Located at the entrance of The Villages of Citrus Hills, Pine Ridge, Crystal Oaks, and Black Diamond, the property provides access to flourishing populations in Floral City (7.8 miles), Lecanto (8.8 miles), Beverly Hills (11.5 miles), Crystal River (16.6 miles), and Homosassa (18.8 miles).

With the recent expansion of the Suncoast Parkway and future extensions, Citrus County is poised for historic growth in the Tampa MSA. Just a 15-minute drive from the property, an ideal customer base of 46,361 residents--with an average age of 58 and a median household income of $65,000--awaits. Strong market consumer expenditures reveal that 66% of residents dine at restaurants or steakhouses, and 89% frequent fast-food establishments. Additionally, with a median age of 58, the area population has spent over $106 million on health care services.

As part of Citrus County, currently home to 153,600 residents, the area is projected to experience exponential growth, reaching an estimated 350,000 residents under Citrus County's Land Development Code by 2030. Positioned within Tampa-St. Petersburg-Clearwater MSA, ranked as the 18th largest in the U.S., Citrus County is emerging as one of the nation's premier real estate markets.