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Listed price in listed location currency (USD).
$800,000

0024

MLS® 857065

Overview

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $7,595
Days Active 7
Lot Size 0.88 Acres
Approx. Age 2007
MLS® Number 857065

Property Address: 1298 E Norvell Bryant Hwy, Hernando, FL, 34442-4991

Average square foot calculated using Size range provided by listing agent.

Description

Prime Multi-Tenant Center offering professional office and retail space. Built in 2007, this 5, 903 SF CBS building consists of six units and is approximately 90% occupied, offering strong existing tenancy with additional value-add potential. Situated on approximately 0.88 acres with GNC Commercial zoning, the property accommodates a broad range of uses, including medical and professional offices, retail, restaurants, and other commercial businesses. Completely updated and meticulously maintained from the studs to the stucco, the property features an attractive stacked-stone and stucco façade, floor-to-ceiling retail glass, and modern interior spaces with high-quality finishes. Centrally located within Citrus County, the property sits within a 15-minute drive of Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness. Consumer spending trends reinforce demand fundamentals, including 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. From a market perspective, the property benefits from its location within Citrus County, a region experiencing steady population growth and increasing commercial demand. The county currently supports a population of approximately 153, 600 residents, with long-term planning capacity for approximately 350, 000 residents under the county’s Land Development Code. Continued residential expansion, infrastructure investment, and regional economic development are driving increased demand for healthcare, service, and retail facilities throughout the county.
MLS® Number857065
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2007
Basement
DrivewayDriveway, Paved, Parking Lot, Private, Parking Spaces
Garage Spaces
Heat
A/CCentral Air

Extras

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