Remarks

Arrowhead Plaza a prime 3 unit Class C Neighborhood Shopping Center with 3,705 sf and a Metal Frame construction. This property, optimally located at the NE corner of the signalized intersection of SR 200/Carl G Rose Hwy (10,900 AADT) and Posselet Dr/CR 491 (5,800 AADT), is vacant and ready for new tenant or user. Featuring 20 parking spaces, this property is situated on 3.73 acres (321' x 450') of General Commercial zoned land with 321' highway frontage on SR 200. With a surplus of land, the subject property offers a variety of general commercial uses, such as: general retail, QSR/restaurants, C-Store/Service Station, and Warehouse/Storage; all allowing for a maximum of 70% impervious lot coverage (approximately 2.61 acres of developable grounds) pending municipal approval. This corner location allows for full ingress and egress north- and south-bound on SR 200 with secondary access onto Posselet Drive. Central location allows for easy access to Ocala (8 miles N), Lecanto (10 miles SE) and Inverness (11 miles S). Located in the growing Citrus County, part of 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. Citrus County is large and land barren, with over 60,000 vacant parcels green-lighted for development, plans to expand utilities across the county, and further improving and widening of several cross connecting highways, including the newly completed extension of the 589-Toll Road to SR-44 with further expansion to CR-486, set to be completed by early 2023.

Details

MLS#: 816642
Price: $447,900

Style: Commercial Retail
Year Built: 1974

County: Citrus
Subdivision: Not on List
Lot Size: 321x450
Tax Fee: 3248.56