1520 S Suncoast Blvd 107,306 SF Industrial Building Homosassa, FL 34448 $15,778,000 CAD ($147.04 CAD/SF) 10.09% Cap Rate

his is the largest commercially developed, actively marketed property in Citrus County. This rare 8-building industrial and retail portfolio spans 26.11 acres across four contiguous, buildable parcels with direct US Highway 19 frontage. The property includes 109,406 SF of renovated space—seven climate-controlled industrial warehouses and one 2,100 SF restaurant—with ceiling heights up to 20 feet. All industrial buildings were upgraded in 2024 with new roofs, HVAC systems under three years old, spray foam insulation, and new garage doors; the restaurant was renovated in 2025.

Building 1: 13,214 SF retail
Building 2: 3,620 SF office
Building 3: 12,000 SF industrial (leasable if sold to an investor)
Building 4: 19,112 SF industrial (leasable if sold to an investor)
Building 5: 9,000 SF industrial (leasable if sold to an investor)
Building 6: 18,000 SF industrial (leasable if sold to an investor)
Building 7: 32,360 SF industrial (leasable if sold to an investor)
Building 8: 2,100 SF restaurant

The primary parcel at 1520 S Suncoast Blvd is offered at $11,500,000 vacant to an owner/user or $14,500,000 as an 8% CAP sale-leaseback. If sold to an investor, Buildings 3 through 7 will be made available for lease and subleased by the current owner to deliver stabilized occupancy at closing.

The property is divisible by parcel, building, or tenant and can be delivered vacant, partially occupied, or stabilized. Three tenants are prepared to execute 10-year NNN leases at an 8% CAP rate, anchored by Auctionz LLC, with Buildings 3 through 7 subleased if applicable to ensure stabilized income from day one.

Auctionz LLC and The Bin Spot operate high-volume discount retail models sourcing Amazon liquidation and overstock inventory, positioning the site as a regional redistribution hub. The property also includes a full kitchen, conference room, and on-site gym available to tenants.

The main parcel at 1520 S Suncoast Blvd spans 19.44 acres with seven industrial buildings totaling 107,306 SF, zoned Industrial. Adjacent parcels at 1470 and 1420 S Suncoast Blvd are zoned General Neighborhood Commercial and are under contract for a hotel development, reinforcing corridor growth. The remaining parcel at 8809 W River Glen Ct totals 2.03 acres and is also zoned General Neighborhood Commercial, with surveys available and no wetlands per county records.

Each building is separately metered for electric, with water metered per parcel. All buildings are on municipal sewer except Building 7, which operates on septic. Located within the Tampa MSA (18th largest in the U.S.), the property benefits from approximately 29,000 vehicles per day on US Highway 19 and Citrus County population growth projected to reach 350,000 by 2030.