Bought with Diana G Marcum • Diana G.Marcum P.A.
$190,000
$199,900
5.0%For more information regarding the value of a property, please contact us for a free consultation.
1.54 Acres Lot
SOLD DATE : 09/29/2023
Key Details
Sold Price $190,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Hercala Acres
MLS Listing ID 823537
Sold Date 09/29/23
HOA Y/N No
Annual Tax Amount $1,473
Tax Year 2022
Lot Size 1.540 Acres
Acres 1.54
Property Description
The prime GNC parcel of 1.54 Acres on CR 486/Norvell Bryant Hwy offers an exceptional development opportunity. With 250' of Highway Frontage and full ingress/egress, the property is highly accessible. Its strategic location, just 2.4 miles West of US 41 N/Florida Avenue, provides convenient access to major roadways. The property benefits from its proximity to major retailers, including Walmart and Target, located 5.7 miles East. This creates a desirable retail corridor. Additionally, the renowned community of The Villages of Citrus Hills, with its PGA award-winning golf course "Sky View," is only 2.7 miles East. This adds to the area's prestige and attracts affluent residents and visitors. Zoned GNC commercial, the parcel allows for a 70% FAR utilization, providing flexibility for development. Permitted uses include general retail, professional/medical office, and multi-family housing at a rate of 8-10 units per acre pending municipal approval. This zoning flexibility caters to the demands of the growing market and offers various development possibilities. This prime GNC parcel offers an exceptional development opportunity. Its accessible location, proximity to major retailers, and neighboring community make it an attractive prospect. With its zoning flexibility, developers have the freedom to explore different options and cater to the market's needs.
Location
State FL
County Citrus
Area 08
Zoning GNC
Interior
Fireplace No
Exterior
Water Access Desc Public,Well
Building
Lot Description Trees
Sewer Septic Needed
Water Public, Well
Schools
Elementary Schools Hernando Elementary
Middle Schools Inverness Middle
High Schools Citrus High
Others
Tax ID 3230604
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Seller Financing
Special Listing Condition Standard
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