This untouched world of opportunity is ripe for the picking. A total of 10 MOL acres in the beautiful Nature Coast community of Citrus County, located in Dunnellon, Florida. This unique parcel is zoned GNC (General Commercial) in a future growth area of the county. With over 1, 360 +/- feet of road frontage on Dunnellon Rd/CR 488, the potential of this site is hard to miss. The frontage road for this property connects US 19 (6 miles west) to Hwy 41 (7 miles east), serving as a cross-connecting transit path for residents.
The site is located just off the northwest corner of Citrus Avenue and CR 488, with a combined traffic count of 19, 560 AADT. The property's versatile zoning allows for several permitted uses and supports the highest density of commercial development per the Citrus County Land Development Code. Residential use is also permitted, allowing up to 10 units per acre with planned unit development and master plan approval. Centrally located, the site is just 10 minutes from Downtown Crystal River, 11 minutes from Downtown Dunnellon, and 45 minutes from the Marion County/Ocala line.
With the recent $135 million expansion of the Suncoast Parkway and future planned extensions, Citrus County is poised for historic growth within the Tampa MSA. Within a 15-minute drive from the property is an ideal customer base of 46, 361 residents, with an average age of 58 and a median household income of $65, 000. Market data shows that 66% of residents dine out at restaurants/steakhouses, and 89% frequent fast food establishments. Additionally, the area's population, with a median age of 58, has spent over $106 million on healthcare services. As part of Citrus County, home to 153, 600 residents, the area is projected to experience significant growth, with an estimated population of 350, 000 by 2030 under the Citrus County Land Development Code.
Positioned within Tampa–St. Petersburg–Clearwater MSA, which ranks as the 18th largest in the U. S. , Citrus County is emerging as one of the nation’s premier real estate markets. This untouched world of opportunity is ripe for the picking. A total of 10 MOL acres in the beautiful Nature Coast community of Citrus County, located in Dunnellon, Florida. This unique parcel is zoned GNC (General Commercial) in a future growth area of the county. With over 1, 360 +/- feet of road frontage on Dunnellon Rd/CR 488, the potential of this site is hard to miss. The frontage road for this property connects US 19 (6 miles west) to Hwy 41 (7 miles east), serving as a cross-connecting transit path for residents. The site is located just off the northwest corner of Citrus Avenue and CR 488, with a combined traffic count of 19, 560 AADT. The property's versatile zoning allows for several permitted uses and supports the highest density of commercial development per the Citrus County Land Development Code.
Residential use is also permitted, allowing up to 10 units per acre with planned unit development and master plan approval. Centrally located, the site is just 10 minutes from Downtown Crystal River, 11 minutes from Downtown Dunnellon, and 45 minutes from the Marion County/Ocala line. With the recent $135 million expansion of the Suncoast Parkway and future planned extensions, Citrus County is poised for historic growth within the Tampa MSA.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $180,000 | $180,000 | $180,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,198 | $1,196 | $1,543 |
Total Monthly Payment | $1,273 | $1,271 | $1,618 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.