Active

$800,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 5901 sq ft
Overview
  • ID: MFROM730330
  • Bedrooms:
  • Bathrooms: 0
  • Size: 5901 sq ft
Property Details
Remarks
Prime Multi-Tenant Center offering professional office and retail space. Built in 2007, this 5,903 SF CBS building consists of six units and is approximately 90% occupied, offering strong existing tenancy with additional value-add potential. Situated on approximately 0.88 acres with GNC Commercial zoning, the property accommodates a broad range of uses, including medical and professional offices, retail, restaurants, and other commercial businesses. Completely updated and meticulously maintained from the studs to the stucco, the property features an attractive stacked-stone and stucco façade, floor-to-ceiling retail glass, and modern interior spaces with high-quality finishes. Centrally located within Citrus County, the property sits within a 15-minute drive of Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness. Consumer spending trends reinforce demand fundamentals, including medical expenditures within the trade area, highlighting strong support for healthcare, medical services, and wellness-oriented uses. The area is characterized by a mature and financially stable demographic profile, with projected income growth and a high concentration of owner-occupied housing reinforcing long-term consumer stability and investment security. Regional connectivity is enhanced by direct access to the newly expanded Suncoast Parkway (SR 589), a significant state infrastructure investment that improves mobility and places the property approximately 55 minutes from Tampa International Airport. From a market perspective, the property benefits from its location within Citrus County, a region experiencing steady population growth and increasing commercial demand. The county currently supports a population of approximately 153,600 residents, with long-term planning capacity for approximately 350,000 residents under the county’s Land Development Code. Continued residential expansion, infrastructure investment, and regional economic development are driving increased demand for healthcare, service, and retail facilities throughout the county.
Financial Considerations
Price:
$800,000
HOA Fee:
N/A
Tax Amount:
$7595.34
Price per SqFt:
$135.57
Tax Legal Description:
HERCALA ACRES UNIT 2 PT OF LOT 161 FURTHER DESC AS: COM AT NW COR OF LT 86 OF SD PLAT TH S 71DEG 57M 34S E AL S'LY R/W LN OF CO RD 486 592.75 FT TO THE BEG OF A TANGENT CURVE CONCAVED NE'LY HAVING A RADIUS OF 2914.93 FT A CENTRAL ANGLE OF 18DEG 05M 2 0S TH AL ARC OF SD CURVE 135.39 FT THROUGH A CENTRAL ANGLE OF 02DEG 39M 40S (CHORD BEARING AND DISTANCE BETWEEN SD PTS BEING S 73DEG 17M 24S E 135.98 FT) TO POB TH CONT AL SD CURVE 150 FT THROUGH A CENTRAL ANGLE OF 02DEG 56M 54S (CHORD BEARING AND DI STANCE BETWEEN SD PTS BEING S 76DEG 05M 41S E 149.98 FT) TH S 300 FT TH N 76DEG 05M 41S W 149.98 FT TH N 300 FT TO POB THE BEARINGS HEREIN REFERRED TO THE BEARING (S 71DEG 57M 34S E ) OF N LN OF LT 86 DESC IN OR BK 1346 PG 1724 & OR BK 1518 PG 1131
Exterior Features
Lot Size:
38365
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Common
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Ceramic Tile, Laminate
Levels:
One
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
2007
Construction Type:
Block, Brick
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1298 E NORVELL BRYANT HWY
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