1520 S Suncoast Blvd 107,306 SF Industrial Building Homosassa, FL 34448 $19,831,650 CAD ($184.81 CAD/SF) 9% Cap Rate

***** CAP RATE RAISED TO 9% AND LEASEBACK SECURED BY SELLER FINANCE! *****
This 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 | Building 4: 19,112 SF industrial | Building 5: 9,000 SF industrial | Building 6: 18,000 SF industrial | Building 7: 32,360 SF industrial | Building 8: 2,100 SF restaurant.
The primary parcel at 1520 S Suncoast Blvd is offered at $14,500,000 as a 9% CAP sale-leaseback (also available to owner/users; call for pricing). For an investor, the seller will provide $5,000,000 in seller financing to facilitate the acquisition. This deal includes a personal guarantee from the seller covering the full 10-year NNN lease term and its 3% annual escalations. To ensure maximum principal protection, the $5,000,000 seller-financed note is directly offset by the lease payments, essentially securing the first $5,000,000 of rental income against the note balance. This structure provides unmatched income stability and mitigates buyer risk. If sold to an investor, Buildings 3-7 will be made available for lease and subleased by the current owner to deliver 100% occupancy at closing.
The property is divisible by parcel, building, or tenant and can be delivered vacant or stabilized. Three tenants are prepared to execute 10-year NNN leases, anchored by Auctionz LLC, 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. 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. Located within the Tampa MSA, the property benefits from 29,000 VPD on US-19 and Citrus County population growth projected to reach 350,000 by 2030.