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Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $87
Subdivision Gulf Hwy Land Unit 08
MLS Listing ID OM668049
Sold Date 02/16/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1990
Annual Tax Amount $3,544
Lot Size 2.260 Acres
Acres 2.26
Lot Dimensions 329x297
Property Description
Prime mixed-use service plaza with 5 units, totaling an 8,000 SF (40'x40') 1990-built CBS building with 5 10'x10' grade-level doors, 41 parking spaces (5 handicap stalls) with semi friendly loading, oversized DRA for future expansion, a recent roof replacement in 2014, City Water, and Septic, with future expansion of the sewer in the area. Currently zoned RURMH with an approved permit allowing for non-conforming commercial use and also situated in the newly designed IMA interchange management area. Situated on 2.26 acres with 329' of Cardinal Street (7,900 AADT) frontage and growing. Located just 0.6 miles east of the newly extended Suncoast Parkway 2 and Cardinal Street interchange, just off the corner of W Cardinal Street and S Eastern Avenue. Centrally located and easily accessible via the Suncoast Parkway (1 Mile), to the east CR 491 (Miles), and US 19 (Miles). This property's prime location places it amidst the flourishing communities of Floral City, Inverness, Crystal River, Citrus Springs, Beverly Hills, Lecanto, and Ocala. Citrus County is currently home to 153,600 residents and will have exponential growth with an estimated 350,000 residents under Citrus County's Land Development Code. Infrastructure development is underway to accommodate the expected 30,000 new residents by 2030. Citrus County is Florida's hotspot for development and growth, boasting 61,000 platted, recorded vacant parcels. Citrus County is part of the Tampa–St. Petersburg–Clearwater MSA, which is the 18th largest in the U.S. This all underscores Citrus County as one of the nation's premier real estate markets.
Location
State FL
County Citrus
Community Gulf Hwy Land Unit 08
Zoning RURMH
Interior
Cooling Other
Flooring Concrete
Exterior
Parking Features Over 30 Spaces
Utilities Available Electricity Available, Public
Roof Type Shingle
Building
Lot Description FloodZone, Oversized Lot, Paved
Story 1
Entry Level One
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Public
Structure Type Block,Brick
New Construction false
Others
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with CENTURY 21 J.W.MORTON R.E.
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Kevin Tison
Broker Associate | License ID: BK626101
Broker Associate License ID: BK626101