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1449 North Lecanto Hwy (CR 491) - 14.62 ACRES-SALE OR GROUND LEASE OPPORTUNITY 14.62 Acres of Commercial Land in Lecanto, FL 34461
INVESTMENT HIGHLIGHTS
- Located nearby a rapidly expanding development of retail and residential properties and near the Suncoast Parkway exit at CR 486.
- Consists of 14.62 acres of pastureland zoned GNC (Commercial).
- Parcel has 1,013 feet of frontage on CR 491 (North Lecanto Hwy) with sidewalks, curbs, and gutters. All utilities at the site.
- Median cut with 300 feet left and right turn lanes is being built as part of the CR 491 road widening project that will be completed the end of 2025.
- The median is eligible to have a proposed traffic signal installed when the cross-traffic volumes warrant it.
- Owner is seeking ground lease and/or sale - either Big Box retailers or will subdivide for smaller out parcels.
EXECUTIVE SUMMARY
This property is located near the intersection of CR 486 and CR 491. Over the last two years, the area within a half-mile of the CR 486/CR 491 intersection experienced rapid retail growth. Join retailers Target, Walmart, Hobby Lobby, Aldi, Skechers, McDonald's, Pet Smart, Mavis Tire, Chipotle, Skechers, Culver’s, Texas Roadhouse, Five Guys, Panera, Starbucks, Panda Express, WAWA, Wendy’s, Glory Days Grill, and 7-Eleven. Other retailers are in the process of development and include BJ's Warehouse, Sprouts Farmer's Market, Arby's, Planet Fitness, America's Best Eyeglasses, Five Below, KFC, Taco Bell, Firehouse Subs, AT&T, Five Guys, Longhorn Steakhouse, Planet Fitness, Chase Bank, Express Oil Change, Florida Credit Union, and Quick Care Medical.
DBTG is the owner of a 14.62-acre parcel zoned GNC (Commercial) on CR 491 (North Lecanto Highway with the Property Appraiser’s reference of Altkey 3526672.
Citrus County is expanding CR 491 to 4 lanes, and the project is expected to be completed by the end of 2025. The parcel is pastureland, and the road widening project constructed a median cut with left and right turn lanes at the entrance to the site. The site qualifies for a traffic signal once cross-traffic counts warrant it.
The site is ideal for a single big box tenant or multiple out parcels. The owner is seeking NNN ground leases.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 14.62 AC |
| Lot Size | 14.62 AC |
DBTG is the owner of a 14.62-acre parcel zoned GNC (Commercial) on CR 491 (North Lecanto Highway) in Citrus County FL 34461. The Property Appraiser’s reference is Altkey 3526672. It has 1,013 feet of frontage on CR 491.
DESCRIPTION
The parcel is 14.62 acres of pasture land located in Lecanto, FL 34461. It has 1,013 feet of frontage on CR 491. A median cut with 300 feet of left and right turn lanes is being built as part of the CR 491 road widening project that is expected to be completed by the end of 2025. Upon completion, this will create a 600-foot-long intersection area extending from the beginning of the left turn lane to the beginning of the right turn lane. The median is eligible to have a traffic signal installed when the cross-traffic volumes warrant it. There is 1,013 feet of sidewalk with curbs and gutters across the entire front. A 40' wide commercial entrance is in place. All utilities are at the site. Zoned GNC (Commercial). This is the highest level of commercial zoning.
Presented by
DBTG Enterprises LLC
1449 North Lecanto Hwy (CR 491) - 14.62 ACRES-SALE OR GROUND LEASE OPPORTUNITY
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