RARE 8-Bldg Industrial & Retail Portfolio | ~110K SF | 26.11 Acres | 8% CAP or Owner-User

Highlights:

• 26.11-acre industrial and retail portfolio across four buildable parcels with direct US-19 frontage.
• 109,406 SF across eight buildings: seven climate-controlled warehouses and one fully renovated restaurant.
• Buildings 6 and 7 (50,360 SF) available for lease; owner would remain subtenant post-sale.
• Four tenants ready to sign 10-year NNN leases at an 8% CAP rate; Auctionz LLC anchors with strong financials.
• Fully renovated Q3 2023–Q1 2024: new roofs, HVAC (<3 yrs), spray foam insulation, and garage doors.
• Ceiling heights up to 20 feet in warehouse buildings; office includes full kitchen, conference room, and on-site gym.
• Restaurant (2,100 SF) renovated in 2025 with new finishes and partial kitchen equipment.
• Citrus County Land Development confirms 1420 S Suncoast Blvd could support a hotel, motel, or restaurant up to 6 stories and 389 rooms.
• Zoned Industrial and General Neighborhood Commercial; all parcels buildable with no wetlands.
• Within Tampa MSA (18th largest in U.S.); Citrus County projected to reach 350K residents by 2030; US-19 sees ~29K vehicles/day.

Description:

This is the largest commercially developed, actively marketed property in Citrus County. This rare 8-building industrial and retail portfolio spans 26.11 acres across four contiguous, buildable parcels with direct US Highway 19 frontage. It includes 109,406 SF of fully renovated space—seven climate-controlled industrial warehouses and one 2,100 SF restaurant—with ceiling heights up to 20 feet. All buildings were comprehensively upgraded between Q3 2023 and Q1 2024 with new roofs, HVAC systems under three years old, spray foam insulation, and new garage doors. Building 1 is configured as retail. Buildings 6 and 7 (50,360 SF) are available for lease and would remain subleased by the current owner post-sale.

The property is divisible by parcel, building, or tenant footprint, and can be delivered vacant, partially occupied, or stabilized for investment. Four tenants are ready to sign 10-year NNN leases at an 8% CAP rate, with Auctionz LLC—an anchor tenant with strong financials—positioned to lead the income profile. The site includes a full kitchen, conference room, and on-site gym available to tenants.

The main parcel at 1520 S Suncoast Blvd spans 19.44 acres and includes seven industrial buildings totaling 107,306 SF, zoned Industrial. 1470 S Suncoast Blvd is a 1.43-acre parcel with a fully renovated restaurant, upgraded in 2025 with new bathrooms, drywall, lighting, and paint; the kitchen retains partial equipment. Adjacent parcels include 8809 W River Glen Ct (2.03 acres) and 1420 S Suncoast Blvd (3.21 acres), both zoned General Neighborhood Commercial and buildable with no wetlands per county records; surveys are available. Citrus County Land Development has confirmed that 1420 S Suncoast Blvd could support a hotel, motel, or restaurant up to six stories and 389 rooms.

Each building is separately metered for electric; water is metered per parcel. All buildings are on municipal sewer except Building 7, which operates on septic. With unmatched scale, visibility, and flexible zoning, the site supports a wide range of uses including industrial, logistics, self-storage, retail, office, and mixed-use redevelopment.

Growth Potential: Citrus County is projected to grow from 153,600 residents to 350,000 by 2030. Located within the Tampa MSA—ranked 18th largest in the U.S.—the property benefits from an average daily traffic count of approximately 29,000 vehicles on US Highway 19. Whether for investment, owner-use, or long-term repositioning, this portfolio offers immediate income and lasting upside.

Located directly on US Highway 19 between Homosassa and Crystal River, this property sits in one of Citrus County’s most visible and commercially active corridors. It spans four contiguous parcels with direct highway frontage: 1520 S Suncoast Blvd (19.44 acres), 1470 S Suncoast Blvd (1.43 acres), 8809 W River Glen Ct (2.03 acres), and 1420 S Suncoast Blvd (3.21 acres). The site is surrounded by national retailers, logistics hubs, and major automotive dealerships—including Harley-Davidson, Toyota, Honda, Buick, GMC, and Hyundai, all positioned across the street. The corridor sees an average of 29,000 vehicles per day and benefits from proximity to natural springs, tourism destinations, and a growing regional workforce. Citrus County is projected to grow from 153,600 residents to 350,000 by 2030 and sits within the Tampa MSA, the 18th largest in the U.S. The area offers an investor-friendly climate with no personal income tax and favorable zoning for industrial, retail, and mixed-use development.

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