22K+ SF BLDG Redevelopment | Tampa MSA I Citrus County, FL
AMAZING OPPORTUNITY IN CITRUS COUNTY TAMPA MSA -FLORIDA
Marketing description
Prime Adaptive Reuse Medical Mixed Use Redevelopment Opportunity
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ALL SHOWING BY APPOINTMENT DO NOT APPROACH OCCUPANT OR EMPLOYEES OR MENTION THE SALE THE BUSINESS IS NOT PART OF THE REAL ESTATE ONLY SALE.
Prime Adaptive Reuse Medical Mixed Use Redevelopment Opportunity
An exceptional opportunity exists to acquire and redevelop this ±21,810 SF reinforced concrete block building featuring a clear-span showroom/warehouse configuration designed for maximum operational flexibility. The interior is currently arranged into three suites ±1,500 SF retail, ±2,000 SF retail, and ±18,310 SF showroom/warehouse — which can function independently or be combined into one contiguous facility. Situated on ±2.00 acres of General Neighborhood Commercial (GNC) zoned land and includes 51 parking spaces. Strategically located along SR-44 / Gulf to Lake Highway, the property offers approximately 330 feet of high-visibility frontage, strong east–west exposure, and traffic counts exceeding 25,500 AADT. Right-in / right-out access ensures convenient ingress while maintaining efficient traffic flow. A 32-foot-wide dock-high truck well equipped with an 8’ x 10’ roll-up door and portable dock leveler provides efficient loading for distribution and service operations. Ceiling heights range from approximately 18 feet in the front showroom area to 15 feet in the rear loading area, and the building is supported by robust electrical infrastructure, including approximately 1,200-amp three-phase power with a distributed reduction system throughout the structure to support multiple operational zones and heavy electrical loads. Positioned within the Tampa–St. Petersburg MSA — the 18th largest Metropolitan Statistical Area in the United States — this highly visible commercial asset offers a functional layout suited for a broad range of commercial and operational uses.
The building’s design and infrastructure create a compelling opportunity for adaptive reuse or light industrial conversion. The property is ideally suited for a regional medical or healthcare campus, medical imaging center, outpatient surgery facility, or specialized wellness services. In addition, the clear-span layout, dock-high loading capability, and substantial power capacity support light manufacturing, fabrication, cabinetry and millwork production, equipment assembly, and specialty trade operations. The facility is equally attractive for e-commerce fulfillment, regional distribution, and showroom-to-production hybrid users seeking both customer-facing and operational space. The ability to maintain separated suites or combine the building into a single operational footprint allows for phased occupancy, multi-tenant configurations, or fully integrated operations tailored to evolving business needs.
General Neighborhood Commercial zoning allows for a broad spectrum of uses including general retail, multi-use commercial, professional and medical offices, emergency service facilities, regional medical facilities, nursing homes, and assisted living. Additional conditional uses, subject to Planned Unit Development (PUD) approval, may include light manufacturing, warehousing, distribution, and other compatible commercial applications, further expanding redevelopment potential.
Centrally located within Citrus County, the property sits within a 15-minute drive of Inverness, Crystal River, Hernando, and Beverly Hills, providing access to a daytime population exceeding 68,000. The surrounding area reflects a median household income of approximately $54,525 and a median age near 57, with predominantly owner-occupied households. Consumer spending trends reinforce demand fundamentals, including more than $102 million in annual 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.
Property Highlights:
Location & Visibility
• Central Citrus County location within Tampa–St. Petersburg MSA
• ±330’ frontage on SR-44 / Gulf to Lake Highway
• Traffic counts exceeding 25,500 AADT
• Right-in / right-out access for efficient ingress & egress
• 15-minute access to Inverness, Crystal River, Hernando & Beverly Hills
• Approx. 55 minutes to Tampa International Airport via Suncoast Parkway
Building & Site
• ±22,120 SF reinforced concrete block construction
• ±2.00 acres GNC-zoned commercial land
• 51 on-site parking spaces
• Configurable as single user or multi-tenant layout
• Ceiling heights: ~18’ front | ~15’ rear loading area
Loading & Infrastructure
• 32’ dock-high truck well
• 8’ x 10’ roll-up door with portable dock leveler
• Approx. 1,200-amp three-phase power
• Distributed electrical system supporting multiple operational zones
Flexible Layout
• ±1,500 SF retail suite
• ±2,000 SF retail suite
• ±18,140 SF showroom / warehouse space
• Ideal for showroom + warehouse or multi-tenant use
Permitted & Potential Uses
• Retail & multi-use commercial
• Medical & professional offices
• Emergency & regional healthcare facilities
• Assisted living & senior services
• Light manufacturing & assembly (PUD approval)
• Warehousing & distribution (PUD approval)
• E-commerce fulfillment & service trades
Market & Demand Drivers
• Daytime population exceeding 68,000
• 62,000+ residents within 15 minutes
• Median age ~57 with strong senior demographic
• Median household income ~$54,525
• Predominantly owner-occupied households
• Over $102M annual medical expenditures supporting healthcare demand
Regional Growth & Connectivity
• Direct access to US-19/98 and Suncoast Parkway (SR 589)
• Expanding corridor improving regional mobility
• Positioned in an emerging residential & healthcare growth market
Investment highlights
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 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.
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.
Suncoast Parkway:
The Suncoast Parkway recently opened was a $135 Million Dollar expansion that extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries, and the extension of The Suncoast Trail part of the 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 in 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 Runway 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.
Disclaimer to the consumer:
This report is provided strictly for analysis and assumption purposes only. All financial models, development scenarios, and valuation estimates are based on hypothetical inputs and public information available at the time of preparation. The projections herein are not guaranteed, and no warranty or representation is made regarding the accuracy, completeness, or feasibility of any statements or conclusions presented. All data, including fill costs, rents, cap rates, and construction assumptions, must be independently verified through appropriate licensed professionals, engineers, surveyors, and governmental authorities prior to any investment, acquisition, or development decisions. The broker, its affiliates, and associated parties do not warrant or guarantee any outcome based on this analysis.
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