7805 S Florida Ave 3,229 SF 4-Star Retail Building Floral City, FL 34436 $478,744 CAD ($148.26 CAD/SF) 9.60% Cap Rate

Prime multi-tenant commercial opportunity or great for owner user occupy part and rent remainder of units! Located in the heart of Citrus County, along the outer edge of the Tampa Bay regional growth corridor in the beautiful and well visited destination of Floral City.. This flexible three-unit property consists of two buildings totaling approximately 3,229 SF on ±0.20 acres, with strong visibility along South Florida Avenue and direct rear frontage along the Withlacoochee State Trail.
The main concrete block building includes two units totaling approximately 2,779 SF, comprising a ±1,570 SF retail space and a ±1,209 SF automotive/mechanical space, which may also offer potential for retail or service-based conversion. The second building is a separate ±450 SF retail or office building, creating additional income potential or an ideal owner-user configuration.
The property has been well maintained and benefits from several important upgrades, including a newer metal gauge roof, upgraded 200-amp electrical service and panel, and a full remodel of the former flower shop space in 2008. The main building is in excellent condition and is ready for immediate tenant occupancy or use by an owner-operator.
Backing directly up to the Withlacoochee State Trail, the property offers strong potential for trail-oriented businesses such as a coffee shop, boutique, ice cream shop, café, bike-related retail, professional office, specialty retail, or service-based use. The trail creates destination value beyond traditional roadway frontage, allowing the property to benefit not only from vehicle visibility but also from recreational users walking, biking, and traveling along one of the region’s established trail corridors.
With multiple units, existing improvements, and a desirable Floral City location, this property provides a rare opportunity for investors, entrepreneurs, and owner-users seeking a flexible commercial asset in a growing Citrus County market.
Citrus County continues to experience long-term residential growth, infrastructure investment, and expanding demand for local services, retail, healthcare, and small-business space. With a population now estimated at more than 166,000 residents, the county remains one of the key secondary markets benefiting from Florida’s broader growth trends while still offering lower entry costs than many larger metro areas.
The property also benefits from regional connectivity to the broader Tampa Bay economic ecosystem. The Tampa-St. Petersburg-Clearwater MSA is commonly ranked among the largest metropolitan areas in the United States, with recent metro-area rankings placing it around the 18th largest MSA nationally. This combination of local growth, regional access, and trail-oriented positioning makes 7805 S Florida Avenue a compelling opportunity for both income-focused investors and owner-users seeking a visible, flexible commercial property in Floral City.
Logistic Details:
-Highway 41 / South Florida Avenue one of the primary north-south commercial corridors serving Floral City and the broader Citrus County market. This location provides convenient access to nearby communities including Inverness, Hernando, Lecanto, Brooksville, and the greater Nature Coast region, making it a strong location for retail, service, automotive, office, and owner-user operations.
-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 Syou’re toke'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.
Suncoast Parkway:
The Suncoast Parkway recently opened was a $135 Million Dollar expansion that extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries, and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System. The Suncoast Parkway is just 68 Miles 1 hour and 15 mins from Tampa making it a great commuting Highway for the workforce seeking to be outside of the Tampa traffic. The Veterans Expressway and Suncoast Parkway is a north–south toll road near the Florida Gulf Coast. Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto.
Citrus County Growth:
Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data. Citrus County, Florida is the 34th largest county in Florida. The 2010 Population was 141,173 and has seen a growth of 10.21% since this time. Citrus County's current LDC allows for approximately a population of 350k residencies. Given the expansion of the Suncoast Parkway and the 6-lane expansion of US 19, we are in the path of tremendous growth. Currently, Citrus County has 60,000 vacant parcels of land prime for development. The County and incorporated Cities have plans for extensive utility expansion throughout the county including the expansion of the Crystal River Airport Runway 5000 feet to allow for larger aircraft to land and take off including a newly funded 75 acres industrial complex granted by the state to expand utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features.