Remarks

Located on the Southern Eastern border of Citrus County in Floral City, Florida we are now offering a prime development opportunity to own 29 + acres of high and cleared land with over 778’ of Hwy frontage on US 41/S Florida Avenue (10,800 AADT) just 5.2 miles South of Historical Downtown Inverness and 1.5 miles North of Historical Downtown Floral City. Subject parcel features mixed zoning offering a variety of uses which include under the General Neighborhood Commercial, is a high-intensity land use district allowing for 70% FAR in a wide variety of uses, including but not limited to Multi-Family (permitted up to 6 units/acre and up to 10 units/acre with PUD, with 20% green space requirements), ALF, Medical Facilities, Medical/Professional Office, Restaurants, QSR Drive-Thru, Automotive, Shopping Centers/Retail, Hotel/Motel, Convenience Stores, Gas Stations, and Pharmacies. Furthermore, the REC recreational land use allows for public outdoor recreational uses such as the current use as a Golf Driving Range/Miniature Golf and entertainment complex and Recreational Vehicle Parks with PUD approval, shooting ranges, and Recreational Resorts. Currently, the property features significant improvements which include two 1995-built CBS free-standing Retail Stores with a total of 4,660 SF, 96 parking spaces, 18 holes of mini golf, a 400-yard driving range, picnic areas, an event facility, batting cages, and flea market. Prime location places it amidst flourishing communities like Inverness, Crystal River, Citrus Springs, Beverly Hills, Lecanto, and Ocala. Citrus County, home to 153,600 residents, is primed for growth with potential expansion of up to 350k residents under the county’s LDC. Come invest in Citrus County!

Details

MLS#: 828549
Price: $1,553,000

Style: Commercial Retail
Year Built: 1995

County: Citrus
Subdivision: Not on List
Lot Size: 778x1645
Tax Fee: 10433.29