2767 W Norvell Bryant Hwy, Lecanto, FL 34461

Develop 2.43 Acres In National Retail HUB of Citrus County| Tampa MSA

Zoned PSO with Dual Frontage, Utility Access, and Full Mixed-Use Entitlements in Citrus County’s Fastest-Growing Commercial and Healthcare Corridor and over 352’ of Highway Frontage!

Virtual Tour Link: https://properties.admiredimage.com/videos/0196d916-6175-7386-8b06-e25a09b7d8fb?v=394

This highly strategic 2.42-acre assemblage presents a rare multi-parcel development opportunity at the northeast corner of E Norvell Bryant Hwy (CR 486) and Crooked Branch Drive, directly across from Citrus County’s most active commercial expansion zone. Offering over 352 feet of prime frontage along CR 486, the site boasts dual road exposureand wraps the intersection with full median-cut access, ensuring seamless ingress and egress along one of the county’s most visible corridors. E Norvell Bryant Hwy supports an Annual Average Daily Traffic (AADT) of approximately 22,000 vehicles, making it one of the highest-trafficked arteries in the region—ideal for high-exposure commercial, medical, or mixed-use development.

The property features gently rolling terrain with elevations ranging from 76 to 103 feet and well-drained Arredondo fine sand soils, with average slopes of 7–16%. Situated entirely within Flood Zone X, it poses no floodplain development restrictions and offers favorable drainage conditions, reducing site preparation costs and simplifying the grading process.

County water is available at the frontage, while sewer service is accessible nearby within the utility district, subject to standard connection and assessment approvals. The dual-corner configuration, combined with clean topography, allows for exceptional design flexibility—accommodating multiple building pads, ample parking, and efficient circulation patterns. Located just two parcels east of the signalized intersection of CR 486 and CR 491, the site is surrounded by top-tier national retailers, including Walmart, Target, ALDI, Panera Bread, and Texas Roadhouse—positioning it at the heart of Citrus County’s most dynamic medical and retail corridor.

Zoned PSO (Professional Services/Office), the assemblage supports a broad spectrum of permitted uses including medical and professional offices, outpatient clinics, urgent care and therapy centers, mental health and wellness providers, pharmacies, financial institutions, daycares, and convenience retail without fuel service. With Planned Unit Development (PUD) approval, the site may also accommodate multifamily residential development of up to 10 units per acre—supporting a vertically integrated live/work or senior housing concept. The immediate trade area is underserved in diagnostic imaging, outpatient therapy, and boutique medical services, highlighting a market gap well-suited to this location’s use potential.

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. The Lecanto area is a focal point for this expansion, accelerated by the recent completion of the $135 million Suncoast Parkway extension—a four-lane toll road offering direct regional access to Tampa in under 75 minutes. Within a 5-mile radius, the site serves a population of over 66,000 residents, with a median age of 60 and a median household income exceeding $65,000. Nearby affluent communities—including Black Diamond Ranch, Citrus Hills, and Terra Vista—create a concentrated demand for professional services, healthcare, and wellness-oriented uses. This confluence of visibility, infrastructure, and unmet market demand positions the property as a premier site for a professional, medical, or hybrid development that meets the region’s growing service needs.

Location:
Northeast corner of E Norvell Bryant Hwy (CR 486) & Crooked Branch Dr
Lecanto, FL 34461 — Citrus County’s Central Ridge Growth Corridor

Assemblage Size:
±2.43 Acres (Three Parcels)
– 2741 W Norvell Bryant Hwy (±0.95 AC)
– 2767 W Norvell Bryant Hwy (±0.90 AC)
– 2051 Crooked Branch Dr (±0.57 AC)

Zoning:
PSO – Professional Services/Office (Citrus County LDC Ch. 2)

Permitted Uses (By Right):

• Medical and dental offices

• Outpatient clinics and urgent care facilities

• Mental health, therapy, wellness centers

• Pharmacies and health-supportive retail

• Professional offices (legal, CPA, insurance)

• Financial institutions and daycares

• Convenience retail (no fuel service)

• Restaurants (non drive-thru)

Conditional Use (PUD Required):

• Multifamily residential (up to 10 units per acre)

Topography & Soils:

• Elevation Range: 76–103 feet

• Soil Type: Arredondo fine sand

• Slope: 7% to 16% average

• Flood Zone: X (no flood risk)

• Well-drained with natural grade suitable for shallow foundations

Visibility & Access:

• ±352 feet of frontage on CR 486

• Corner exposure with dual access (CR 486 & Crooked Branch Dr)

• Full median cut ingress/egress

• AADT: ±22,000 vehicles on CR 486

• Located just two parcels east of signalized CR 486 & CR 491 intersection

Utilities:

• County water available at frontage

• Public sewer nearby (within utility service area; subject to connection approval and assessment)

Development Status:

• Cleared and undeveloped land

• Sitework Estimate: ±$156,200 (grading, paving, utilities)

• No demolition required

• Ready for medical, office, retail, or hybrid vertical development

Surrounding Area Highlights:

• National Retailers Nearby: Walmart, Target, ALDI, Panera, Texas Roadhouse

• Residential Demand Drivers: Black Diamond Ranch, Terra Vista, Citrus Hills

• 5-mile population: 66,000+ residents | Median Age: 60 | Median HH Income: $65,000+

• Located in Citrus County, part of the Tampa–St. Petersburg–Clearwater MSA

• Within 1.25 miles of the $135M Suncoast Parkway Extension (SR 589)

Citrus County: A Market Poised for Growth

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