$800,000
Active1298 E Norvell Bryant Hwy, Hernando, FL 34442
5,901 sq ft
Listing courtesy of CENTURY 21 J.W.MORTON R.E. · MLS# OM730330
70 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
Prime Multi-Tenant Center offering professional office and retail space. Built in 2007, this 5,903 SF CBS building consists of six units and is approximately 90% occupied, offering strong existing tenancy with additional value-add potential. Situated on approximately 0.88 acres with GNC Commercial zoning, the property accommodates a broad range of uses, including medical and professional offices, retail, restaurants, and other commercial businesses. Completely updated and meticulously maintained from the studs to the stucco, the property features an attractive stacked-stone and stucco façade, floor-to-ceiling retail glass, and modern interior spaces with high-quality finishes with included public water and sewer. Centrally located within Citrus County, the property sits within a 15-minute drive of Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness. Consumer spending trends reinforce demand fundamentals, including medical expenditures within the trade area, highlighting strong support for healthcare, medical services, and wellness-oriented uses. The area is characterized by a mature and financially stable demographic profile, with projected income growth and a high concentration of owner-occupied housing reinforcing long-term consumer stability and investment security. Regional connectivity is enhanced by direct access to the newly expanded Suncoast Parkway (SR 589), a significant state infrastructure investment that improves mobility and places the property approximately 55 minutes from Tampa International Airport. From a market perspective, the property benefits from its location within Citrus County, a region experiencing steady population growth and increasing commercial demand. The county currently supports a population of approximately 153,600 residents, with long-term planning capacity for approximately 350,000 residents under the county’s Land Development Code. Continued residential expansion, infrastructure investment, and regional economic development are driving increased demand for healthcare, service, and retail facilities throughout the county.
Facts
- Property type
- Retail
- Year built
- 2007
- Flood zone
- X
- Annual taxes
- $7,595/yr
- Listed
- Aug 19, 2026
- MLS #
- OM730330
Commercial details
Building & site
- Building size
- 5,901 SF
- Office / retail space
- 5,901 SF
- Lot size
- 0.88 acres (38,365 SF)
- Zoning
- GNC
- Parking spaces
- 22
- Road frontage
- 150 ft · Highway
- Buildings
- 1
Investor metrics
- Price per SF (MLS)
- $135.57/SF
- Cap rate
- 7.55%
- Net operating income
- $60,420/yr
- Gross income
- $95,312/yr
- Annual expenses
- $34,892/yr
- Units
- 5
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
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1298 E Norvell Bryant Hwy, Hernando, FL 34442
Listing courtesy of CENTURY 21 J.W.MORTON R.E. · MLS# OM730330 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

