PRIME 13 UNIT PLAZA /25,500 SF 3451 E Louise Ln

PRICE DROPPED $300K Make Offer Now!
A Prime 13-Unit Neighborhood Shopping Center in Citrus County, Florida with Lake View!
3451 E Louise Lane/ Hwy 200, Hernando, FL 34442
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Prime 13-unit, 25,500 SF CBS Neighborhood Shopping Center situated within the Citrus County Submarket of the Tampa/St Petersburg MSA. Occupying an entire city block on a 3.27-acre lot zoned as General Neighborhood Commercial (GNC), it boasts a stable tenant mix of local businesses. With over 632’ of highway frontage on SR 200, it ensures full ingress and egress on N Carl G Rose Hwy (11,300 AADT), just north of the controlled intersection of US 41 N (9,500 AADT). The center offers 71 well-lit surface parking spaces (2.8/1,000 SF NRA) and houses a diverse range of tenants currently occupying 89% if the building, from professional offices to retail establishments and beauty services.  The center's prime location places it amidst flourishing communities like Inverness, Crystal River, Citrus Springs, Beverly Hills, Lecanto, and Ocala. Citrus County, home to 153,600 residents, is primed for growth with potential expansion up to 350k residents under the county’s LDC. With infrastructure developments underway to accommodate an expected 30,000 new residents by 2030 and boasting the 3rd highest number of vacant parcels (61,000) in Florida, it's a hotspot for development. Furthermore, its position within the Tampa–St. Petersburg–Clearwater MSA, the 18th largest in the U.S., underscores its significance in the nation's premier real estate market.
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 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 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 type 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 Hwy constructed from Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida. 
Suncoast Parkway: 
The Suncoast Parkway recently opened was a of $135 Million Dollar expansion which 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 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 Makeup: 
Citrus County is a predominantly residential region. With over one-third of all residents in the county being senior citizens, the healthcare sector is an important source of revenue for the local economy. Numerous hospitals and healthcare centers are scattered throughout the region, including Citrus Memorial Hospital, Seven Rivers Regional Medical Center, and Citrus Endoscopy and Surgery Center. Citrus Memorial Hospital is among the largest employers in the region and with a 204-bed acute care facility. Other prominent employers in Citrus County include Citrus County School District and Cypress Creek Academy in the census-designated place of 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 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 Run Way 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 and 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.