2853 W Norvell Bryant Highway, Lecanto, FL 34461 (MLS # OM695182)

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View Virtual Tour PRICE $4,250,000 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 3.57 ac Request More Info Schedule a Showing

This prime multi-parcel land development opportunity is located in the Central Ridge District of Citrus County, Florida, strategically positioned within the region's largest national retail hub expansion. Surrounded by major retailers such as Target, ALDI, Walmart, McDonald's, Panda Express, Texas Roadhouse, Panera, and Starbucks, the site benefits from strong retail synergy and high consumer traffic, making it an attractive investment for commercial developers. The property consists of three parcels totaling 3.57 acres: Lot 19 (1.24 acres, 150' x 350' corner lot), Lot 20 (1.24 acres, 150' x 350'), and Lot 21 (1.09 acres, 215' x 350'). It has direct access to county utilities, including sewer, and is zoned under the PSO Commercial district (Citrus County Ch. 2 LDC), allowing for 70% lot coverage and a variety of permitted uses such as professional and medical offices, emergency rooms, regional hospitals, retail, dine-in and drive-thru restaurants, hospitality, pharmacies, medical marijuana treatment centers, assisted living facilities, and multifamily developments of up to 10 units per acre. Located at the northwest corner of CR 486/W Norvell Bryant Hwy and N Crookedbranch Drive, the property offers over 510 feet of prime frontage with full ingress and egress via a median cut, ensuring seamless traffic flow and high visibility. It is just two parcels from the major intersection of CR 486 and CR 491, providing direct access to key regional traffic patterns and national retail clustering. Within a five-mile radius, the property is surrounded by premier residential communities, including Black Diamond Ranch, Citrus Hills, and Terra Vista, featuring a PGA-rated golf course and the highest residential density in a single community. The area serves a consumer population of 66,966 residents within a 15-minute drive, with a median age of 60, reflecting strong demand for retail, services, and medical facilities. Citrus County is part of the Tampa-St. Petersburg-Clearwater MSA, the 18th largest metro area in the U.S., and is experiencing rapid growth. The population is projected to increase from 153,600 to 350,000 by 2030, driving demand for residential and commercial development. The $135 million Suncoast Parkway expansion further enhances accessibility, solidifying Citrus County as a gateway to the Tampa Bay region. Within a 15-minute drive, the property serves 46,361 residents with an average age of 58 and a median household income of $65,000, making it well-positioned for commercial success. With its prime location, zoning flexibility, and strong market potential, this property presents an exceptional opportunity for developers to capitalize on Citrus County's dynamic growth. 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.