97 W Gulf To Lake Hwy
Lecanto, FL 34461
22K+ SF BLDG Redevelopment | Tampa MSA · Retail Property For Sale

Prime Adaptive Reuse Medical Mixed Use Redevelopment Opportunity
An exceptional opportunity exists to acquire and redevelop this ±22,810 SF reinforced concrete block building featuring a clear-span showroom/warehouse configuration designed for maximum operational flexibility. The interior is currently arranged into three suites ±1,500 SF retail, ±2,000 SF retail, and ±18,310 SF showroom/warehouse — which can function independently or be combined into one contiguous facility. Situated on ±2.00 acres of General Neighborhood Commercial (GNC) zoned land and includes 51 parking spaces. Strategically located along SR-44 / Gulf to Lake Highway, the property offers approximately 345 feet of high-visibility frontage, strong east–west exposure, and traffic counts exceeding 25,500 AADT. Right-in / right-out access ensures convenient ingress while maintaining efficient traffic flow.
A 32-foot-wide dock-high truck well equipped with an 8’ x 10’ roll-up door and portable dock leveler provides efficient loading for distribution and service operations. Ceiling heights range from approximately 18 feet in the front showroom area to 15 feet in the rear loading area, and the building is supported by robust electrical infrastructure, including approximately 1,200-amp three-phase power with a distributed reduction system throughout the structure to support multiple operational zones and heavy electrical loads. Positioned within the Tampa–St. Petersburg MSA — the 18th largest Metropolitan Statistical Area in the United States — this highly visible commercial asset offers a functional layout suited for a broad range of commercial and operational uses.
The building’s design and infrastructure create a compelling opportunity for adaptive reuse or light industrial conversion. The property is ideally suited for a regional medical or healthcare campus, medical imaging center, outpatient surgery facility, or specialized wellness services. In addition, the clear-span layout, dock-high loading capability, and substantial power capacity support light manufacturing, fabrication, cabinetry and millwork production, equipment assembly, and specialty trade operations. The facility is equally attractive for e-commerce fulfillment, regional distribution, and showroom-to-production hybrid users seeking both customer-facing and operational space. The ability to maintain separated suites or combine the building into a single operational footprint allows for phased occupancy, multi-tenant configurations, or fully integrated operations tailored to evolving business needs.
General Neighborhood Commercial zoning allows for a broad spectrum of uses including general retail, multi-use commercial, professional and medical offices, emergency service facilities, regional medical facilities, nursing homes, and assisted living. Additional conditional uses, subject to Planned Unit Development (PUD) approval, may include light manufacturing, warehousing, distribution, and other compatible commercial applications, further expanding redevelopment potential.
Centrally located within Citrus County, the property sits within a 15-minute drive of Inverness, Crystal River, Hernando, and Beverly Hills, providing access to a daytime population exceeding 68,000. The surrounding area reflects a median household income of approximately $54,525 and a median age near 57, with predominantly owner-occupied households. Consumer spending trends reinforce demand fundamentals, including more than $102 million in annual medical expenditures within the trade area, highlighting strong support for healthcare, medical services, and wellness-oriented uses. The area is characterized by a mature and financially stable demographic profile, with projected income growth and a high concentration of owner-occupied housing reinforcing long-term consumer stability and investment security.
Regional connectivity is enhanced by direct access to the newly expanded Suncoast Parkway (SR 589), a significant state infrastructure investment that improves mobility and places the property approximately 55 minutes from Tampa International Airport. Citrus County remains one of Florida’s emerging growth markets, with a current population of approximately 153,600 projected to exceed 350,000 by 2030 according to county planning estimates, positioning the region as a growing residential, healthcare, and service hub within the Tampa Bay sphere of influence.
Property Highlights
Location & Visibility
• Central Citrus County location within Tampa–St. Petersburg MSA
• ±330’ frontage on SR-44 / Gulf to Lake Highway
• Traffic counts exceeding 25,500 AADT
• Right-in / right-out access for efficient ingress & egress
• 15-minute access to Inverness, Crystal River, Hernando & Beverly Hills
• Approx. 55 minutes to Tampa International Airport via Suncoast Parkway
Building & Site
• ±22,120 SF reinforced concrete block construction
• ±2.00 acres GNC-zoned commercial land
• 51 on-site parking spaces
• Configurable as single user or multi-tenant layout
• Ceiling heights: ~18’ front | ~15’ rear loading area
Loading & Infrastructure
• 32’ dock-high truck well
• 8’ x 10’ roll-up door with portable dock leveler
• Approx. 1,200-amp three-phase power
• Distributed electrical system supporting multiple operational zones
Flexible Layout
• ±1,500 SF retail suite
• ±2,000 SF retail suite
• ±18,140 SF showroom / warehouse space
• Ideal for showroom + warehouse or multi-tenant use
Permitted & Potential Uses
• Retail & multi-use commercial
• Medical & professional offices
• Emergency & regional healthcare facilities
• Assisted living & senior services
• Light manufacturing & assembly (PUD approval)
• Warehousing & distribution (PUD approval)
• E-commerce fulfillment & service trades
Market & Demand Drivers
• Daytime population exceeding 68,000
• 62,000+ residents within 15 minutes
• Median age ~57 with strong senior demographic
• Median household income ~$54,525
• Predominantly owner-occupied households
• Over $102M annual medical expenditures supporting healthcare demand
Regional Growth & Connectivity
• Direct access to US-19/98 and Suncoast Parkway (SR 589)
• Expanding corridor improving regional mobility
• Positioned in an emerging residential & healthcare growth market