Address: 5666 Florida Avenue, Floral City, FL 34436
Description
Citrus County, Florida, this 3.19 acre parcel offers a rare opportunity to secure commercial land with high development potential. Zoned GNC (General Neighborhood Commercial), the site boasts approximately 620 feet of direct frontage on US Highway 41, with a traffic count of approximately 18,200 AADT, and enjoys full median cut access accommodating both northbound and southbound traffic flows.
This high intensity commercial zoning allows for a wide variety of uses including retail, shopping centers, medical and professional offices, gas/convenience stations, and auto or marine repair. Additionally, the site supports multifamily development of up to 10 units per acre, contingent upon a PUD approval, making it a highly versatile investment option.
Topography is gently rolling with the majority of buildable areas positioned above the base flood elevation (BFE 29.3), minimizing site prep and potential fill costsGIS data indicates portions of the site exceed 37 in elevation.
The property is centrally located with easy access to surrounding growth markets: Lecanto (17 miles), Beverly Hills (20 miles), Crystal River (24.5miles), and Homosassa (20 miles). Citrus County, home to 153,600 residents, is projected to grow to 350,000 by 2030, driven by strategic infrastructure investments such as the $135+ million Suncoast Parkway extension which enhances regional connectivity and positions Citrus as a key gateway to the TampaSt. PetersburgClearwater metrothe 18th largest MSA in the U.S.
Within a 15 minute drive, the site serves a population of 17,551 residents with a median household income of $53,000 and an average age of 61.2, aligning with demand for essential services, medical, and retail development.
With its prime US 41 visibility, zoning flexibility, favorable topography, and access to a rapidly expanding population base, this parcel offers a unique and affordable development opportunity in one of Floridas fastest growing regions.
Citrus County, Florida, this 3.19 acre parcel offers a rare opportunity to secure commercial land with high development potential. Zoned GNC (General Neighborhood Commercial), the site boasts approximately 620 feet of direct frontage on US Highway 41, with a traffic count of approximately 18,200 AADT, and enjoys full median cut access accommodating both northbound and southbound traffic flows.
This high intensity commercial zoning allows for a wide variety of uses including retail, shopping centers, medical and professional offices, gas/convenience stations, and auto or marine repair. Additionally, the site supports multifamily development of up to 10 units per acre, contingent upon a PUD approval, making it a highly versatile investment option.
Topography is gently rolling with the majority of buildable areas positioned above the base flood elevation (BFE 29.3), minimizing site prep and potential fill costsGIS data indicates portions of the site exceed 37 in elevation.
The property is centrally located with easy access to surrounding growth markets: Lecanto (17 miles), Beverly Hills (20 miles), Crystal River (24.5miles), and Homosassa (20 miles). Citrus County, home to 153,600 residents, is projected to grow to 350,000 by 2030, driven by strategic infrastructure investments such as the $135+ million Suncoast Parkway extension which enhances regional connectivity and positions Citrus as a key gateway to the TampaSt. PetersburgClearwater metrothe 18th largest MSA in the U.S.
Within a 15 minute drive, the site serves a population of 17,551 residents with a median household income of $53,000 and an average age of 61.2, aligning with demand for essential services, medical, and retail development.
With its prime US 41 visibility, zoning flexibility, favorable topography, and access to a rapidly expanding population base, this parcel offers a unique and affordable development opportunity in one of Floridas fastest growing regions.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Land Information
Lot Features: Flat, Trees
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Road Frontage Type: CountyRoad
Sewer: PublicSewer
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Pet Deposit: 0.00
Security Deposit: 0.00
Tax Year: 2024
Trash Expense: 0.00
Other Features
Legal Description: COM AT NW COR TH S 88 DEG 51M 43S E AL N LN 1316.32 FT TO SW'LY R/W LN OF US HWY 41 TH S 26 DEG 59M 40S E AL R/W LN 1780.46 FT TO POB TH S 66 DEG 46M W 99.77 FT TH S 23 DEG 8M 39S W 96.01 FT TH S 0 DEG 7M 33S E 214.48 FT MOL TO WTRS OF MAGNOLIA LK TH E AL WTRS TO INT R/W LN TH N 26 DEG 59M 40S W AL R/W LN 470 FT MOL TO POB & PT OF N1/2 OF SE1/4 OF NW1/4 S OF ABOVE DESC PROP DESC IN OR BK 744 PG 1593
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