Property Listing No Longer Available for Sale

423 W Gulf To Lake Highway

Lecanto, FL

Others for Sale - $890,000 - 5 acres


Property Info

CIMLS#1132449
Location
  423 W Gulf To Lake Highway
  Lecanto FL 34461
UpdatedMay 27th, 2023
TypeOthers
Price$890,000
Land5 acres

Property Description

Don't miss this prime industrial and general commercial property with a 2,440 SF Class C warehouse/service shop built in 1984. Featuring 2 grade-level roll up bays and 3 phase power supply, all situated on 5.61 acres zoned industrial/general commercial (2.34 Ac zoned IND; 3.27 Ac Zoned GNC), this is a perfect lay down yard for equipment and material storage. Located at the corner of W Gulf To Lake Hwy/SR 44 (27,500 AADT) and S Thayer Avenue with full median cut welcoming full ingress and egress to subject property. The mixed commercial/industrial zoning allows for a variety of uses including all permitted heavy and light industrial uses ranging from warehouse to manufacturing, and general commercial ranging from retail and less intensive uses pending municipal approval. This property offers flexible use with room to expand over the large parcel, allowing for improvement of 70% impervious lot coverage. Currently leased to a utility company at a rate of $4,653/month with plans to renew lease with an expected 3 year option in July 2023. Conveniently located just 3 miles West of a major retail cluster (home to Walmart, Lowes, TJ-Maxx, OfficeMax, and several QSR/Restaurants and junior retailers) and the recently completed 589 Tollroad (6 miles W), placing this property just 77 miles (1hr,4min) from Tampa International Airport. Citrus County is a growing community located in the Tampa-St Petersburg MSA, the 18th Largest in the nation. With a population of 155,582 residences and growing annually at a rate of 1.29%, Citrus is the 34th largest county in the State of Florida.


Financials


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