1220 Norvell Bryant hwy
Hernando, FL 34442

Prime General Commercial Property of 1.54 Acres located on heavily traversed CR 486/Norvell Bryant Hwy offers an exceptional opportunity for development. Situated with over 250' of Highway Frontage and no divided median, the property allows for full ingress and egress in both directions, making it highly accessible. The location is strategically positioned just 2.4 miles West of US 41 N/Florida Avenue, providing convenient proximity to major roadways. In terms of retail and commercial activity, the property is well-situated. It is 5.7 miles East of Walmart, Target, and other national retailers, creating a desirable retail corridor. Additionally, the renowned community of The Villages of Citrus Hills, including the PGA award-winning golf course "Sky View," is merely 2.7 miles East of the property. This premier community adds to the area's prestige and attracts affluent residents and visitors. Zoned GNC commercial, the parcel allows for a 70% FAR utilization, presenting various development possibilities. Permitted uses to encompass general retail, professional/medical office, and multi-family housing at a rate of 8-10 units per acre. This zoning flexibility provides a wide range of options for prospective developers, catering to the demands of the growing market. The surrounding cities, including Lecanto, Beverly Hills, and Inverness, contribute to the property's favorable location within a thriving region. Citrus County, where the property is situated, currently boasts 153,600 residences. With room for a maximum of 350,000 residents under the county's Land Development Code (LDC), there is substantial potential for population growth and increased demand for services and amenities. Moreover, Citrus County is actively expanding its infrastructure to accommodate development. This commitment to progress is projected to attract approximately 30,000 new residents to the area by 2030. The county's proactive approach and development-friendly environment create a favorable climate for investment and long-term success. In terms of market dynamics, Citrus County stands out as a highly attractive real estate market. With 61,000 vacant parcels, it currently holds the third-highest number of available land tracts in the State of Florida. This abundance of opportunities makes Citrus County an ideal location for developers and investors seeking to capitalize on the area's growth potential. Notably, Citrus County is nestled within the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA), which ranks as the 18th largest MSA in the United States. This distinction highlights the region's economic significance and further reinforces the property's advantageous position. 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 Hwy constructed from 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 and features 15 new bridges, electronic tolling gantries, and the extension of The Suncoast Trail part of 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 on 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 Run Way 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. Community Development: 957 single-family residential homes on a 354-acre site in Lecanto. 500-lot subdivision, located in Citrus Springs by Habitat for Humanity of Citrus County. Green Mills Group 2020 built a 106-unit apartment campus offering affordable housing on Colonnade Street in Inverness. County commissioners approved a planned unit development (PUD) for Preservation Point RV Resort, a 234-acre property. Jaymelday Holdings LLC calls for up to 600 RV sites, along with amenities such as a pool, golf cart rentals, bar and grill, basketball court, and walking trails in Crystal River. 207 Home subdivision by DR Horton in Beverly Hills, Florida Citrus Ridge Area. 930 Unit Subdivision in Planning with a national builder in Lecanto just off the Suncoast Parkway extension on SR 44.