2853 W Norvell Bryant Hwy - Multi-Parcel Land Development Opportunity 3.57 Acres of Commercial Land Offered at $5,860,452 CAD in Lecanto, FL 34461

This prime multi-parcel land development opportunity is situated in the Central Ridge District of Citrus County, Florida, offering a strategic location within the region’s largest national retail hub expansion. Surrounded by major retailers such as Target, ALDI, Walmart, McDonald’s, Panda Express, Texas Roadhouse, Panera, and Starbucks, the site benefits from strong retail synergy and high consumer traffic, making it an attractive investment for commercial developers.
The property comprises three parcels totaling 3.57 acres:
-Lot 19: 1.24 acres (150’ x 350’ corner lot)
-Lot 20: 1.24 acres (150’ x 350’)
-Lot 21: 1.09 acres (215’ x 350’)
It has direct access to county utilities, including sewer, and falls within the PSO Commercial zoning district (Citrus County Ch. 2 LDC), permitting up to 70% lot coverage. This zoning allows for a wide range of permitted and conditional uses, including:
-Professional and medical offices
-Emergency rooms and regional hospitals
-General retail
-Dine-in and drive-thru restaurants
-Hospitality and pharmacies
-Medical marijuana treatment centers
-Assisted living facilities
-Multifamily developments (up to 10 units per acre)
Located at the northwest corner of CR 486/W Norvell Bryant Hwy and N Crookedbranch Drive, the property boasts over 510 feet of prime frontage, ensuring high visibility and accessibility. With full ingress and egress via a median cut, the site provides seamless traffic flow, making it an ideal location for commercial development. Additionally, it is positioned just two parcels from the major intersection of CR 486 and CR 491, ensuring easy access to regional traffic patterns and national retail clustering.
The area is surrounded by premier residential communities, including Black Diamond Ranch, Citrus Hills, and Terra Vista, which feature a PGA-rated golf course and the highest residential density in a single community, spanning Beverly Hills to Citrus County. Within a 5-mile radius, the property serves a consumer base of 66,966 residents, with a median age of 60, highlighting a strong demand for retail, service-oriented businesses, and medical services.
Strategically located within Citrus County, part of the Tampa–St. Petersburg–Clearwater MSA (the 18th largest metro area in the U.S.), this site is positioned in a rapidly growing region. The county’s population is projected to increase from 153,600 to 350,000 by 2030, driving demand for both residential and commercial development. Additionally, the $135 million Suncoast Parkway expansion enhances connectivity, solidifying Citrus County as a gateway to the Tampa Bay region.
Within a 15-minute drive, the property serves 46,361 residents, with an average age of 58 and a median household income of $65,000, making it well-suited for residential and commercial growth. With its size, location, and zoning flexibility, this property offers a prime opportunity for developers to capitalize on Citrus County’s expansion and market potential.
A Premier Investment Opportunity
-This property offers a rare combination of size, location, and zoning flexibility, making it one of the most attractive investment opportunities in the region. Whether for residential, commercial, or mixed-use purposes, the possibilities for development are vast and well-aligned with the needs of this growing district. For investors or developers seeking to establish a footprint in one of the most promising markets, this property stands out as a prime choice.
Citrus County: A Market Poised for Growth
-Citrus County, currently home to 153,600 residents, is on track for exponential growth, with the population projected to reach 350,000 by 2030 under the County’s Land Development Code. As part of the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA)—the 18th largest MSA in the United States—Citrus County continues to attract both businesses and residents.
-Lecanto and its surrounding areas have benefited from recent revitalization efforts, including community investments such as the Liberty Park and Depot District in Inverness. The recently completed $135 million expansion of the Suncoast Parkway and its planned extensions will further enhance connectivity, fostering additional economic growth.
-Within a 15-minute drive, the property serves a substantial customer base of 46,361 residents, with an average age of 58 and a median household income of $65,000. This demographic ensures a solid foundation for businesses seeking to establish or expand in a thriving and dynamic market.
-This meticulously maintained retail and service plaza presents an unparalleled opportunity for businesses to thrive in a high-traffic, high-visibility location, surrounded by a strong customer base and an array of complementary national retailers.
Logistic Details:
-County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once the former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.
-County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491.
-County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these types of 'coastal spur' routes, in West Central Florida, it is county-maintained.
-U.S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U.S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Highway was constructed from the Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.