$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 : 10/04/2023
Key Details
Sold Price $190,000
Property Type Vacant Land
Sub Type Unimproved
Listing Status Sold
Purchase Type For Sale
Subdivision Hercala Acres Unit 02
MLS Listing ID OM657588
Sold Date 10/04/23
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $1,473
Lot Size 1.540 Acres
Acres 1.54
Lot Dimensions 250x265
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. 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
Community Hercala Acres Unit 02
Zoning GNC
Exterior
Utilities Available Public
Building
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with CENTURY 21 J.W.MORTON R.E.
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