$3,700,000
1620 E Norvell Bryant HWY, HERNANDO FL 34442, Hernando, FL 34442
ActiveProperty details
About this home
Exceptional opportunity to acquire 61.42 acres of strategically located commercial and residential development land along Norvell Bryant Highway (CR 486) in the heart of Citrus County, Florida. Offering excellent roadway visibility, an Annual Average Daily Traffic (AADT) count of approximately 19,400 vehicles, and a combination of General Neighborhood Commercial (GNC) and Medium Density Residential/Mobile Home (MDRMH) zoning, this property presents a unique opportunity for a wide range of development possibilities. Centrally located within Citrus County, the property is approximately a 15-minute drive from Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness. Its strategic location provides convenient access to established residential communities, commercial centers, and major transportation corridors. Regional connectivity is further enhanced by convenient access to the newly expanded Suncoast Parkway (SR 589). The property consists of 23.94 acres zoned GNC, currently platted into eight individual lots, together with an additional 37.48 acres zoned MDRMH. The commercial portion accommodates a broad range of potential uses, including medical and professional offices, retail establishments, restaurants, and other neighborhood-serving businesses, subject to applicable zoning regulations and approvals. The residential acreage offers additional opportunities for medium-density residential development, creating the potential for a complementary, integrated commercial and residential project. A particularly valuable feature of this property is an existing agreement for the utilization of an adjacent Citrus County-owned stormwater retention pond. The agreement provides for post-development compensatory storage and stormwater runoff capacity calculated using development assumptions of up to 70% impervious surface coverage within the GNC-zoned portion and up to 50% impervious surface coverage within the MDRMH-zoned portion. This existing arrangement may offer a substantial development advantage by reducing the need for extensive on-site stormwater facilities and potentially maximizing usable development acreage, subject to the agreement's terms and applicable engineering and permitting requirements.
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Listings courtesy of Stellar MLS as distributed by MLS GRID. MLS #MFR814578246. Listing brokerage: KELLER WILLIAMS REALTY - ELITE PARTNERS II. Status: Active.
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