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27909326
29327667

1520 S Suncoast Blvd, Homosassa, FL 34448

JW
FL SL3603509
Grimaldi Commercial Realty Corp
KG
FL FL BK3076744
Grimaldi Commercial Realty Corp
Listed by Grimaldi Commercial Realty Corp
Unpriced
226 days on market
Updated 22 days ago

26-ACRE, 109K SF INDUSTRIAL OWNER/USER CAMPUS

Details
APN 17E19S100020 000A0 0140; 17E19S100020 000A0 0130; 17E19S100020 0A150 0080; 17E19S100020 000A0 0111
Property Type Retail, Industrial
Sub Type Distribution, Warehouse
Net Rentable (SqFt) 50,360
Cap Rate 9.00%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1987
Year Renovated 2024
Buildings 8
Stories 1
Acreage 1.43 - 26.11
Zoning IND & GNC
Investment Type Net Lease
Occupancy Date 10/28/2025
Ceiling Height 20

26-ACRE, 109K SF INDUSTRIAL OWNER/USER CAMPUS W/ OPTIONAL LEASE INCOME & SELLER FINANCING

Marketing description

***** PRICE IMPROVED — CALL FOR PRICING *****

This is the largest commercially developed, actively marketed property in Citrus County. This rare owner/user industrial and retail portfolio spans 26.11 acres across four contiguous, buildable parcels with direct US Highway 19 frontage.

The property includes 109,406 SF of renovated space across eight buildings, consisting of seven climate-controlled industrial warehouses and one fully renovated 2,100 SF restaurant. Warehouse ceiling heights reach up to 20 feet. All industrial buildings were upgraded in 2024 with new roofs, HVAC systems under three years old, spray foam insulation, and new garage doors. The restaurant was renovated in 2025.

Building Breakdown

Building 1: 13,214 SF retail

Building 2: 3,620 SF office

Building 3: 12,000 SF industrial

Building 4: 19,112 SF industrial

Building 5: 9,000 SF industrial

Building 6: 18,000 SF industrial

Building 7: 32,360 SF industrial

Building 8: 2,100 SF restaurant

The primary parcel at 1520 S Suncoast Blvd is ideally suited for owner/users seeking a large-scale industrial headquarters, manufacturing facility, redistribution hub, contractor yard, or logistics operation, with the flexibility to occupy excess space or generate rental income.

The current owner is prepared to lease back Buildings 1 and 2, while multiple additional tenants are prepared to execute long-term leases for investors or owner/users seeking supplemental income and future stabilization. Seller financing is available for qualified purchasers to facilitate acquisition structuring.

The property is divisible by parcel, building, or tenant and can be delivered partially occupied, stabilized, or configured for owner occupancy depending on buyer needs.

Additional features include a full kitchen, conference room, and on-site gym available to tenants and staff. Each building is separately metered for electric.

The main parcel at 1520 S Suncoast Blvd spans 19.44 acres with seven industrial buildings totaling 107,306 SF. Adjacent parcels at 1470 and 1420 S Suncoast Blvd are zoned General Neighborhood Commercial and are under contract for hotel development, reinforcing corridor growth.

The remaining parcel at 8809 W River Glen Ct totals 2.03 acres and is also zoned General Neighborhood Commercial, with surveys available and no wetlands per county records.

Located within the Tampa MSA, the property benefits from 29,000 VPD on US-19 and Citrus County population growth projected to reach 350,000 by 2030.

Investment highlights

  • 26.11-acre industrial and retail portfolio across four contiguous, buildable parcels with direct US-19 frontage.
  • 109,406 SF across eight buildings, including seven climate-controlled industrial warehouses and one fully renovated 2,100 SF restaurant.
  • Ideal for owner/users seeking a headquarters campus, manufacturing facility, redistribution hub, contractor yard, or logistics operation.
  • Current owner is prepared to lease back Buildings 1 and 2, creating immediate rental income potential.
  • Multiple additional tenants are prepared to execute long-term leases for buyers seeking supplemental income or future stabilization.
  • Seller financing is available for qualified buyers to facilitate acquisition structuring.
  • Property can be delivered partially occupied, stabilized, or configured for owner occupancy depending on buyer needs.
  • Comprehensive 2024 renovations include new roofs, HVAC systems under three years old, spray foam insulation, and new garage doors. Restaurant renovated in 2025.
  • Warehouse ceiling heights up to 20 feet. Office facilities include a full kitchen, conference room, and on-site gym.
  • Adjacent parcels at 1420 S Suncoast Blvd and 1470 S Suncoast Blvd are under contract for hotel development, reinforcing long-term corridor growth.
  • Zoned Industrial and General Neighborhood Commercial. Remaining parcels are buildable with no wetlands per county records.
  • Located within the Tampa MSA, the 18th largest in the U.S., with Citrus County projected to reach 350,000 residents by 2030 and traffic counts of 29,000 VPD.

Listing Contacts

JW
FL SL3603509
Grimaldi Commercial Realty Corp
KG
FL FL BK3076744
Grimaldi Commercial Realty Corp
Listed by Grimaldi Commercial Realty Corp

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Additional Information

Name
Justin Worthington
License
SL3603509
Brokerage
Grimaldi Commercial Realty
Title
Associate
Brokerage Address
115 West Bearss Avenue
Name
Kari Lynn Grimaldi
License
FL BK3076744
Brokerage
Grimaldi Commercial Realty Corp.
Brokerage Phone
813-882-0884
Title
Managing Broker- President/Owner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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