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Active - Land for sale

1620 E Norvell Bryant HIGHWAY, Hernando, FL

Facts & features

Land Property type
25 days on Beycome
2,675,214 sqft Lot size

Why you’ll love it

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.

Translating description...

Listings courtesy of KELLER WILLIAMS REALTY - ELITE PARTNERS II as distributed by MLS GRID.

Listed by: Zachary Wheeler • wheelerzach@outlook.com • KELLER WILLIAMS REALTY - ELITE PARTNERS II

Co-listed by: Chelsea Adams • KELLER WILLIAMS REALTY - ELITE PARTNERS II

Source: Stellar MLS as distributed by MLS GRID, MLS#: CC858680 Stellar MLS as distributed by MLS GRID logo

Based on info available as of Nov 14, 2026 at 2:01 PM EST.

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Affordability

$2,405,000$4,995,000
1%20%
0%90%
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Estimated monthly payment

$18,727/mo

  • Mortgage$18,709
  • Property tax$18
  • HOA fee
  • Homeowners insurance
Due at closing$2,941,500
Down payment held in escrow$740,000
Closing costs$55,500
beycome credit Est.$74,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Hernando

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This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.

Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Based on information submitted to the MLS GRID as of Nov 14, 2026 at 02:01pm 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.

$3,700,000 Listed price

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$74,000 Credit back

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