1620 E Norvell Bryant HighwayHernando, FL 34442Price: $3,700,000

  • Price: $3,700,000
  • Est. Mortgage of $/month
  • 15 Days on Market
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Federal 30-year interest rate: 7.24% last updated on Oct 29, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,700,000List Price
Exceptional opportunity to acquire 61.42 acres of strategically located commercial and residential development land along Norvell Bryant Highway (CR 486) in the heart of Citrus County, Florida. Offering excellent roadway visibility, an Annual Average Daily Traffic (AADT) count of approximately 19,400 vehicles, and a combination of General Neighborhood Commercial (GNC) and Medium Density Residential/Mobile Home (MDRMH) zoning, this property presents a unique opportunity for a wide range of development possibilities. Centrally located within Citrus County, the property is approximately a 15-minute drive from Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness. Its strategic location provides convenient access to established residential communities, commercial centers, and major transportation corridors. Regional connectivity is further enhanced by convenient access to the newly expanded Suncoast Parkway (SR 589). The property consists of 23.94 acres zoned GNC, currently platted into eight individual lots, together with an additional 37.48 acres zoned MDRMH. The commercial portion accommodates a broad range of potential uses, including medical and professional offices, retail establishments, restaurants, and other neighborhood-serving businesses, subject to applicable zoning regulations and approvals. The residential acreage offers additional opportunities for medium-density residential development, creating the potential for a complementary, integrated commercial and residential project. A particularly valuable feature of this property is an existing agreement for the utilization of an adjacent Citrus County-owned stormwater retention pond. The agreement provides for post-development compensatory storage and stormwater runoff capacity calculated using development assumptions of up to 70% impervious surface coverage within the GNC-zoned portion and up to 50% impervious surface coverage within the MDRMH-zoned portion. This existing arrangement may offer a substantial development advantage by reducing the need for extensive on-site stormwater facilities and potentially maximizing usable development acreage, subject to the agreement's terms and applicable engineering and permitting requirements.

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$
$
%
Est. Mortgage:
$/month over payments
Federal 30-year interest rate: 7.24% last updated on Oct 29, 2026. * The above figures are estimates provided by Union Street Media using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.
Listed by Zachary Wheeler of KELLER WILLIAMS REALTY - ELITE PARTNERS II

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 3, 2026 11:03 PM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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