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11620 Garnet ct
Crystal River, FL 34428
Premium Commercial Development Site – 18.49Ac · Terrain À vendre
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18,49 AC
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 18.49 Acres
- 1330' Ft of Highway Frontage
- Zoned PSO
RÉSUMÉ DE L'ANNONCE
Located within Crystal River’s fast-emerging medical corridor, the property directly benefits from Tampa General Hospital’s transformational 53-acre healthcare campus expansion, currently underway just minutes from the site. This major investment introduces a new 120-bed hospital tower, a 120,000-square-foot medical office building, and expanded specialty and outpatient services. The expansion is projected to significantly increase employment, healthcare demand, and regional traffic—effectively establishing this section of US 19 as the next major healthcare hub of the Tampa MSA. The surrounding corridor is already attracting operators seeking proximity to TGH, making this an ideal site for QSR with Drive-Thru, Gas Station, Bank, Hotel, Medical Office, Outpatient Facilities, Senior Living, and Multi-Family residential concepts. Its flexible zoning and strong demographic profile provide a nearly unmatched development canvas.
Just south of Crystal River’s Historic Downtown, the site is surrounded by a growing mix of local boutiques, restaurants, entertainment venues, and service-oriented businesses. The city is undergoing a surge of redevelopment, highlighted by the transformation of the former Crystal River Mall into a 400-unit residential community with integrated mixed-use retail, bringing a substantial increase in new residents and commercial activity. Additionally, the property directly abuts the rear boundary of the 85-acre Hidden Lake RV Resort, now under construction and planned to include 580 RV sites, creating immediate demand for convenience retail, hospitality, dining, medical services, and everyday goods.
Citrus County’s growth trajectory is among the strongest in the state. With a current population of 153,600 residents projected to exceed 350,000 by 2030 per the County’s Land Development Code, the region is rapidly transitioning into a major population and service center. Its inclusion in the Tampa–St. Petersburg–Clearwater MSA, the 18th largest in the United States, further enhances its long-term strength and desirability for business expansion, new housing supply, and healthcare delivery.
The broader region continues to benefit from substantial public and private investment. Homosassa, Inverness, and surrounding communities have undergone significant revitalization, including upgrades to Liberty Park, the Depot District, and other high-impact community assets. Meanwhile, the $135 million expansion of the Suncoast Parkway and the planned Phase 3 northern extension—just north of the subject property—will deliver direct, one-hour access to Tampa International Airport and surrounding major employment centers. These infrastructure improvements will dramatically increase regional mobility, tourism flow, and commercial activity, positioning the property at the center of a rapidly growing economic corridor.
Within a 15-minute trade area, the site serves 46,361 residents, with a stable and affluent demographic (average age 58, median household income $65,000). This combination of population growth, steady income levels, and increasing demand for medical and service-based uses creates a strong foundation for operators seeking a high-visibility, future-proof location.
Taken together, this rare 18.49-acre tract represents a premium development opportunity in one of Florida’s most dynamic and fast-growing coastal markets. With superior access, flexible zoning, powerful regional catalysts, and significant demographic momentum, the property is ideally suited for a wide range of commercial, medical, hospitality, and residential uses. Whether for a national operator, medical provider, mixed-use developer, or an investor seeking long-term positioning in a high-growth corridor, this site stands out as a compelling and strategically located asset with exceptional future upside.
Location & Market Drivers
Immediate Area Development
-Tampa General Hospital and Extension Across US Hwy 19.
-Adjacent to the new Hidden Lake RV Resort, an 85-acre, 580-lot project currently under construction.
-Near the redevelopment of the former Crystal River Mall into a 400-unit residential and mixed-use community.
-Surrounded by Downtown Crystal River’s growing retail, restaurant, tourism, and entertainment district.
Regional Catalysts
-Citrus County population projected to grow from 153,600 to 350,000 by 2030 (Citrus LDC).
-Part of the Tampa–St. Petersburg–Clearwater MSA, the 18th largest in the United States.
-Benefiting from the $135 million Suncoast Parkway expansion and the planned Phase 3 northern extension, which will provide one-hour access to Tampa International Airport.
Development Potential
The property’s size, access, and zoning support an exceptionally wide range of uses, including:
-QSR with Drive-Thru
-Bank / Financial Services
-Hotel / Motel
-Medical Office / Outpatient / Diagnostic
-Senior Living
-Multi-Family Residential
-Professional OfficeRetail / Mixed-Use
The combination of highway exposure, strong ingress/egress, proximity to healthcare anchors, and growing population makes the site uniquely adaptable to both national operators and institutional-level development programs.
10.36 Acre Parcel Land Analysis
Topography & Slope
The BOCC elevation/slope overlays for the component lots behind US-19 show:
-Lowest elevations: approx. 5–7 feet
-Highest elevations: approx. 9–11+ feet on interior points (up to 14 ft on some sub-parcels closer to US-19). BOCC Together 10.36 Acres
-Slope: generally mild—2–6% on most interior lots.
What this means: The 10.36 acres behaves like a gently rolling interior basin, sloping toward the existing north–south drainage ditch/outfall shown in earlier surveys and sitework exhibits. Sitework Analysis shows No extreme grade changes; this is mass-grading friendly land.
Flood Zone Classification For 10.36 Acre: From the BOCC detail for the primary interior parcel:
-Current Flood Zone: AE
-FIRM Panel: 12017C0159E
-Special Flood Hazard Area: Yes
-Prior Flood Zone: AE/X (indicates a mix of AE and X on the older panel).
FAITS SUR LA PROPRIÉTÉ
1 LOT DISPONIBLE
Lot 4
| Prix | 2 479 158 $ CAD | Taille du lot | 18,49 AC |
| Prix par AC | 134 081,02 $ CAD |
| Prix | 2 479 158 $ CAD |
| Prix par AC | 134 081,02 $ CAD |
| Taille du lot | 18,49 AC |
DESCRIPTION
Fill Volume – 10.36 Acres Using 1 acre = 43,560 sq ft and 27 cubic ft per cubic yard, the engineering memo already rounded the numbers for you: 0.5 ft average lift ? ˜ 8,400 CY of fill (document value) 1.5 ft average lift ? ˜ 25,200 CY of fill (document value) So the planning range for this 10.36 acres is: ˜ 8,000 – 25,000 cubic yards of fill Earth Work Summary Based Fill & Cost for 10.36 Acres Scenario A – Low Case 0.5 ft average lift, 50% of fill from on-site cut Gross fill needed: ˜ 8,400 CY On-site cut used: ˜ 4,200 CY Net imported fill: ˜ 4,200 CY Import cost (4,200 CY @ $20–$30/CY): Low: 4,200 × 20 = $84,000 High: 4,200 × 30 = $126,000 On-site cut handling (4,200 CY @ $6–$10/CY): Low: 4,200 × 6 = $25,200 High: 4,200 × 10 = $42,000 Total earthwork range – Scenario A: ˜ $110,000 – $170,000 Scenario B – Mid Case 1.0 ft average lift, 40% from on-site cut, 60% imported Gross fill for 1.0 ft: ˜ 16,700 CY On-site cut (40%): ˜ 6,700 CY Net imported fill: ˜ 10,000 CY (rounded) Import cost (10,000 CY @ $20–$30/CY): Low: 10,000 × 20 = $200,000 High: 10,000 × 30 = $300,000 On-site cut handling (6,700 CY @ $6–$10/CY): Low: 6,700 × 6 = $40,200 High: 6,700 × 10 = $67,000 Total earthwork range – Scenario B: ˜ $240,000 – $367,000 Scenario C – High Case 1.5 ft average lift, assume worst case = no usable on-site cut (e.g., pond location constrained, geotech issues, or design decision to import) Gross fill for 1.5 ft: ˜ 25,200 CY On-site cut used: 0 CY Net imported fill: 25,200 CY Import cost (25,200 CY @ $20–$30/CY): Low: 25,200 × 20 = $504,000 High: 25,200 × 30 = $756,000 Total earthwork range – Scenario C:˜ $500,000 – $760,000 Because this interior land is largely behind the US-19 frontage elevation, grading is driven more by: Internal road layout Building pad design Stormwater pond configuration and then by FDOT frontage tie-in. 8.13 Acre Parcel Land Analysis Flood Zone Classification According to the Citrus County Web Map and FEMA Flood Zone overlay the 8.18-acre development site lies in FEMA Flood Zone X (Shaded) — which is not a Special Flood Hazard Area (non-SFHA). Zone X (Shaded) represents areas: Outside the 1% annual chance flood (100-year floodplain) Outside the 0.2% annual chance flood (500-year floodplain) With minimal flood risk No mandatory flood insurance requirement for lenders No FEMA-driven elevation requirements This makes the property among the least flood-burdened commercial tracts on the US-19 corridor. No Flood Mitigation Fill Required No mandatory fill to achieve FEMA compliance. Site grading driven only by FDOT, drainage, and design, not floodplain constraints. Lower sitework cost and faster entitlement path. The 8.18-acre site lies entirely within FEMA Flood Zone X (Shaded), meaning it is outside the 100-year floodplain and carries no FEMA-driven elevation, fill, or flood insurance requirements. The absence of AE or A flood zones within the property boundary ensures minimal flood risk, lower sitework costs, and a straightforward entitlement path, making the tract ideally suited for retail, QSR, medical, hospitality, and multifamily development. Estimated Fill Volume (Frontage Pads Only) 1.0 ft lift ? ~7,000–8,500 CY 2.0 ft lift ? ~14,000–17,000 CY 2.5 ft lift ? ~18,000–21,000 CY Final numbers depend on site grading, access drive placement, stormwater pond location, and pad layout. Interior Tract Balancing Interior portions of the site typically require: 0.5 – 1.5 ft of balancing to create uniform building pads or roadway subgrades, depending on use (hotel, medical office, multifamily, etc.). Net Fill Requirement – Planning Level Estimate Based on the assumptions above: Low-Case Scenario (ideal cut-to-fill balance) Frontage lift: ~7,000 CY Interior balancing: ~5,000 CY Pond cut offset: –8,000 CY Net imported fill: ~4,000 CY (Extremely efficient site) Mid-Case Scenario (typical for US-19 corridor) Frontage lift: ~14,000 CY Interior balancing: ~8,000 CY Pond cut offset: –7,000 CY Net imported fill: ~15,000 CY High-Case Scenario (if pads require 2.5–3 ft lifts) Frontage lift: ~21,000 CY Interior balancing: ~12,000 CY Pond cut offset: –5,000 CY Net imported fill: ~28,000 CY Summary of Earth Work Analysis: The 18.49-acre interior PSO tract offers a highly developable, cost-efficient opportunity for medical, office, senior living, or multifamily campus development, with grading requirements far lower than typical Florida sites. Engineering analysis shows the tract needs only 8,000–25,000 CY of total fill, much of which can be offset through on-site stormwater pond excavation, keeping imported fill to a minimal 4,000–15,000 CY in most scenarios. This places projected earthwork costs in a very attractive $200K–$400K range, significantly strengthening project feasibility and lowering front-end investment risk. With gentle topography, manageable AE flood strips concentrated along the existing drainage corridor, and clean development envelopes for building pads and internal roads, this tract delivers a ready-to-build canvas perfectly aligned for high-demand uses driven by the region’s booming medical and residential growth. Developers seeking a scalable site with strong economics and straightforward entitlements will find this 18.49-acre tract exceptionally well-positioned for immediate planning and vertical development. 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.
