Discover an exceptional opportunity with this expansive 3+ acre corner lot property, ideally located just 3. 5 miles from the 589 Suncoast Expressway and 2 miles from State Road 44. Nestled between Inverness and Crystal River, this prime location is in an area experiencing rapid expansion. The property is adjacent to Citrus County maintenance buildings and benefits from the bustling activity in the vicinity. According to the 2023 census, 31, 330 individuals are employees of Citrus County, with 11, 367 of them working regularly at county workplaces within a 1-mile radius, ensuring a strategic setting with a volume a regular visitors for your business venture.
The property features a dedicated office space and a fenced storage area, perfect for storing equipment, inventory, or vehicles. With PSO zoning, the land offers incredible flexibility, allowing for multiple uses including office, retail, public service facilities, and government buildings. This property is conveniently located just 0. 3 miles from the Citrus County Administrative Building, 0. 4 miles from the Citrus Health Department, 0. 2 miles from the Sheriff's Department, and just 1 mile from the College of Central Florida. The nearest county traffic count station on Grover Cleveland Blvd reports an Average Daily Traffic volume of 9, 283. 50 vehicles.
Whether you're planning to establish a new business, expand an existing one, or develop the land into a multi-unit facility, this prime location and ample space provide the perfect canvas. Don't miss out on this incredible investment opportunity!
While the property currently uses septic, buyers may choose to convert to sewer. The office is equipped with Cat 5 cables throughout, which support fast network speeds.
There is an opportunity for this location to be sold as a fully furnished office—please inquire for details.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $688,000 | $688,000 | $688,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $265 | $265 | $265 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,405 | $4,405 | $6,041 |
Total Monthly Payment | $4,762 | $4,762 | $6,398 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.