Located just under one mile east of the newly expanded 589 Toll Road/Suncoast Parkway, this 4.78-acre property is strategically positioned on SR 44/W Gulf to Lake Hwy, a major thoroughfare with 26,000 AADT (Annual Average Daily Traffic) and 600 feet of highway frontage, ensuring maximum visibility. Situated just east of the controlled intersection of SR 44 and CR 491, the site benefits from close proximity to the Central Ridge District’s expanding retail hub, home to national retailers such as Target, Walmart, and various other commercial establishments. Additionally, the property serves affluent residential communities, including Citrus Hills, Terra Vista, Pine Ridge, and Black Diamond Ranch. Within a 15-minute drive, the immediate area boasts a population of 46,361 residents, with an average age of 58 and a median household income of $65,000, making it well-positioned for long-term commercial viability and easy access to Inverness (10.5 miles), Beverly Hills (6 miles), Hernando (10 miles), Crystal River (7.9 miles) and Homosassa (10.1 miles) the ability to reach the Tampa International airport within 1 hour from the subject property. From a development perspective, the site offers significant flexibility under General Neighborhood Commercial zoning, permitting up to 70% lot coverage and accommodating a broad range of commercial and residential uses. Approved uses include multifamily residential development with a density of six to ten units per acre (with a PUD), nursing homes, general retail, shopping centers, regional medical facilities, medical and professional offices, restaurants (including drive-thru establishments), financial institutions, and several conditional uses subject to approval. This zoning flexibility allows developers to tailor projects to meet the growing demand in the region while ensuring compliance with evolving market trends. As part of the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA), the 18th largest metro area in the United States, Citrus County is experiencing rapid population growth, with projections estimating an increase from 153,600 to 350,000 residents by 2030. This growth is driving an expanding demand for residential and commercial infrastructure, reinforcing the need for well-positioned development sites. The recent $135 million expansion of the Suncoast Parkway has further enhanced accessibility, positioning Citrus County as a key gateway to the Tampa Bay region and strengthening its attractiveness for investment. Given its prime location, robust market demographics, and diverse zoning potential, this property represents an exceptional opportunity for developers and investors looking to capitalize on Citrus County’s ongoing economic and population expansion. Zoning & Development Potential Currently zoned General Neighborhood Commercial, this property allows for up to 70% lot coverage and a variety of high-value permitted uses, including: ? Multifamily Residential (6–10 units per acre with a PUD) ? Nursing Homes & Assisted Living ? General Retail & Shopping Centers ? Regional Medical Facilities ? Medical & Professional Offices ? Restaurants (including drive-thru) ? Financial Institutions ? Additional conditional uses subject to approvals A Market Poised for Growth Citrus County, part of the Tampa–St. Petersburg–Clearwater MSA (18th largest in the U.S.), is experiencing rapid expansion, with population projections set to more than double from 153,600 to 350,000 by 2030. The Suncoast Parkway expansion enhances accessibility, solidifying Citrus County as a key gateway to the Tampa Bay region. 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.