Headshot for Associate M. Catherine Farrell PA
  1. M. Catherine Farrell PA, AHWD,PA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.400.3287
  4. cat@catsellscitrusfl.com
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  • MLS#: 811657 ( Land )
  • Street Address: 4038 Modelwood Drive
  • Viewed: 123
  • Price: $1,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 969
  • Acreage: 1.74 acres
  • Additional Information
  • County: CITRUS
  • City: Beverly Hills
  • Zipcode: 34465
  • Subdivision: Not On List
  • Provided by: Century 21 J.W.Morton R.E.
  • REALTOR® Association of Citrus County
  • DMCA Notice
  • Description
    PRIME COMMERCIAL CORNER SHOVEL READY in the heart of Citrus County's growth corridor, Lot 3 is located at a signalized intersection inside the newly developed Golden Gate in Beverly Hills, Florida at the South West Corner. This 1.74 acre site is zoned for a variety of commercial uses, including, Gas Station/C Store quick service restaurants (QSR) with drive thru, automotive services, general retail, and medical or professional offices. It is part of a thriving development alongside established businesses such as Walgreens, Advance Auto Parts, and the new Pizza Hut with drive thru. The property offers excellent visibility with over 195 feet of highway frontage along Hwy 491 and convenient access via the signalized intersection at N Modelwood Drive and Hwy 491. Just 2.8 miles north of the Central Ridge regional shopping district, this location is near major retailers like Walmart, Target, Aldi, Hobby Lobby, Texas Roadhouse, Panera Bread, 7 Eleven, and other national and regional brands. The site is cleared and ready for development, with access to offsite retention for maximum lot utilization, and city water and sewer lines already in place. Additionally, shared signage will enhance the visibility of businesses located on the property. Adjacent to Lot 2 and available for separate purchase are or assemblage is Lot 2 (2.86 acres, $356,000), offering the opportunity to combine the parcels for a total of 4.6 acres at a price of $ 1,356,000. This site is ideally positioned to benefit from the recently completed extension of the Suncoast Parkway and future expansions, with Citrus County poised for significant growth within the Tampa MSA. Located just 15 minutes from a customer base of 46,361 residents with an average age of 58 and a median household income of $65,000, the property also enjoys proximity to growing populations in Floral City (7.8 miles), Lecanto (2 miles), Crystal River (10 miles), and Homosassa (15 miles).
Property Features
Possible Terms
  1. Cash
  2. Conventional
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. MODELWOOD PARK PLAZA PB 18 PGS 96-97 LOT 3 TITLE IN OR BK 2038 PG 1571 AND GRANT OF APPURTENTANT EASE IN OR BK 2159 PG 1516
Living Area
  1. 0.00
Lot Features
  1. Cleared
  2. Flat
Area Major
  1. 14
Net Operating Income
  1. 0.00
Occupant Type
  1. Vacant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 3149380
Pet Deposit
  1. 0.00
Possession
  1. Closing
Possible Use
  1. Commercial
  2. Industrial
  3. MultiFamily
  4. MobileHome
Property Type
  1. Land
Security Deposit
  1. 0.00
Sewer
  1. PublicSewer
Tax Year
  1. 2021
The Range
  1. 0.00
Trash Expense
  1. 0.00
Views
  1. 123
Water Source
  1. Public
Zoning Code
  1. GNC