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Commercial Land for Sale in Beverly Hills, Florida

4038 N Modelwood Dr, Beverly Hills, FL 34465

$1,000,000
1.74 acres
Active
$356k drop
Est $7,565/mo

PRIME COMMERCIAL CORNER SHOVEL READY in the heart of Citrus County's growth corridor, Lot 3 is located at a signalized intersection inside the newly developed Golden Gate in Beverly Hills, Florida at the South West Corner. This 1.74 -acre site is zoned for a variety of commercial uses, including, Gas Station/C-Store quick-service restaurants (QSR) with drive-thru, automotive services, general retail, and medical or professional offices. It is part of a thriving development alongside established businesses such as Walgreens, Advance Auto Parts, and the new Pizza Hut with drive-thru. The property offers excellent visibility with over 195 feet of highway frontage along Hwy 491 and convenient access via the signalized intersection at N Modelwood Drive and Hwy 491. Just 2.8 miles north of the Central Ridge regional shopping district, this location is near major retailers like Walmart, Target, Aldi, Hobby Lobby, Texas Roadhouse, Panera Bread, 7-Eleven, and other national and regional brands. The site is cleared and ready for development, with access to offsite retention for maximum lot utilization, and city water and sewer lines already in place. Additionally, shared signage will enhance the visibility of businesses located on the property. Adjacent to Lot 2 and available for separate purchase are or assemblage is Lot 2 (2.86 acres, $356,000), offering the opportunity to combine the parcels for a total of 4.6 acres at a price of $ 1,356,000 Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property-related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.

Location

Street address
4038 N Modelwood Dr
Elevation
85 feet
Coordinates
28.922, -82.4668

Property details

Acreage
1.74 acres
Zoning
GNC
MLS #
RACC 811657
Posted

Property taxes

2021
$8,881

Parcels

  • 3149380

Legal description

Details and features

Listing

Type
Land
Franchise
Century 21 Real Estate

Lot

Features
Cleared, Flat

Structure

Water
Public
Sewer
Public Sewer

Listing history

DateEventPriceChangeSource
Mar 7, 2025Back on market$1,000,000RACC
Feb 3, 2025Under contract$1,000,000RACC
Nov 7, 2024Price drop$1,000,000$356,000 -26.3%RACC
Nov 5, 2024Price increase$1,356,000$356,000 35.6%RACC
Sept 9, 2022Back on market$1,000,000RACC
June 4, 2022Under contract$1,000,000RACC
Apr 27, 2022New listing$1,000,000RACC
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This 1.74-acre property is located at 4038 N Modelwood Dr in Beverly Hills, FL 34465. The property is available for sale for $1,000,000 with a price per acre of $574,713.

Checked 1 hour ago — Updated

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Copyright (C) 2025 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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