Check out this fixed income opportunity touting an almost 10% CAP RATE! These FOUR ADJACENT RENOVATED STEEL ROOF 3/2 half-acre+ fenced properties are fully occupied, recently updated, and waiting to be part of your portfolio. Situated in an X flood zone and located just a short 10-15 minute drive from shopping, medical offices, parks, and the Suncoast Parkway, the seller has had no problem maintaining a 100% occupancy rate. Call today to review financials and to schedule a tour of the recently renovated homes and parcels.
5010, 5040, 5080 & 5120 S Barker Point in rapidly growing Citrus County, FL presents a compelling multifamily investment opportunity.? Offered at $650,000, this attractive 4-unit portfolio (five property parcels total including the well site) delivers a strong 9.78% cap rate with 100% occupancy and NOI of $63,555.? Situated on approximately 2.29 acres, the property consists of four adjacent, renovated 3-bedroom, 2-bath homes totaling 3,880 square feet.? Each residence features a durable steel roof, fenced half-acre-plus parcels, and recent updates that support tenant appeal and operational ease.? Located in an X flood zone, this income-producing asset offers investors both stability and upside through a well-maintained, fully leased portfolio.? The property is conveniently positioned just 10–15 minutes from shopping, medical offices, parks, and the Suncoast Parkway, enhancing accessibility for tenants and supporting long-term occupancy.? This is an ideal opportunity to acquire a truly turnkey residential income property with immediate cash flow in the desirable Lecanto submarket.?
Check out this fixed income opportunity touting an almost 10% CAP RATE! These FOUR ADJACENT RENOVATED STEEL ROOF 3/2 half-acre+ fenced properties are fully occupied, recently updated, and waiting to be part of your portfolio. Situated in an X flood zone and located just a short 10-15 minute drive from shopping, medical offices, parks, and the Suncoast Parkway, the seller has had no problem maintaining a 100% occupancy rate. Call today to review financials and to schedule a tour of the recently renovated homes and parcels.
Position your business on one of Citrus County’s busiest commercial corridors with this commercial restaurant property in Lecanto at 3030 W Gulf to Lake Highway. Priced at $999,999, this 2,805 square foot property offers 1.32 acres, highway frontage, an equipped commercial kitchen, flexible parking, and convenient access to the Suncoast Parkway. Currently operating as a convenience store with grocery and food service operations, the property provides valuable commercial infrastructure already in place. Features include a commercial kitchen, refrigerated display cases, deli equipment, hot food preparation areas, and a dining area with booth seating. The functional layout creates flexibility for continued operation or potential conversion to a restaurant, café, market, deli, specialty food concept, retail business, or other use permitted by applicable zoning and regulations. The property sits on approximately 57,852 square feet of land across two parcels and offers generous paved parking plus an additional gravel area that can provide flexibility for parking or business operations. Located directly along W Gulf to Lake Highway, the site benefits from exposure on a main thoroughfare and convenient connectivity to the Suncoast Parkway. Nearby businesses and activity centers include Lecanto Surgery Center, RaceTrac, and Citrus County government offices. Built in 1981, the single story concrete building features central air, slab construction, General Commercial (GNC) zoning, and a Flood Zone X designation. General Commercial zoning provides potential flexibility for a variety of commercial uses, subject to applicable county regulations and approvals. For an owner operator, entrepreneur, or investor searching for a commercial restaurant property in Lecanto, this property brings together location, acreage, existing food service infrastructure, and adaptable commercial space in Citrus County.
There is so much to see here and so many possibilities! This is an INCREDIBLY RARE opportunity to own multiple buildings with varied use, on a total of 37.33 acres, zoned both GNC (11.37 acres) & AGRMH (25.96 acres). This property includes a partially equipped Commercial Restaurant (8603 sf/total), Elegant Event Venue (9586 sf/total), Massive Primary Residence (9312 sf/total), along with a Detached Garage/Workshop (2000 sf), Contractor Trailer, Storage Rig & Pole Barn. All measurements, sizes, features, etc. in listing details are an aggregate of all 3 primary buildings & total land. Over 20 acres of this property was once a thriving blueberry farm (64 rows), irrigated by a diesel well w/turbine gear drive motor. Irrigation system pumps 2300 gals/min w/a 3406 cat engine that powers a 12 inch well pump. Citrus County is primed for growth & this is a PRIME location! Two sides of this property are bordered by the State Forest, w/1268 ft of frontage along HWY 491,& less than 5 miles from the Suncoast Parkway. The County is currently expanding its infrastructure to support the expected 30k+ additional residents predicted to move to the area by 2030. You won't want to miss this unique opportunity!


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Lecanto is located in Florida. Lecanto, Florida has a population of 7,416. Lecanto is more family-centric than the surrounding county with 24.79% of the households containing married families with children. The county average for households married with children is 14.81%.
The median household income in Lecanto, Florida is $47,593. The median household income for the surrounding county is $48,664 compared to the national median of $69,021. The median age of people living in Lecanto is 45.2 years.
The average high temperature in July is 91.6 degrees, with an average low temperature in January of 45.1 degrees. The average rainfall is approximately 52.4 inches per year, with 0 inches of snow per year.