2853 W NORVELL BRYANT HIGHWAY, Lecanto, FL, 34461 | $4,999,000

This prime multi-parcel land development opportunity is located in the Central Ridge District of Citrus County, Florida, strategically positioned within the region’s largest national retail hub expansion. Surrounded by major retailers such as Target, ALDI, Walmart, McDonald’s, Panda Express, Texas Roadhouse, Panera, and Starbucks, the site benefits from strong retail synergy and high consumer traffic, making it an attractive investment for commercial developers. The property consists of three parcels totaling 3. 57 acres: Lot 19 (1. 24 acres, 150’ x 350’ corner lot), Lot 20 (1. 24 acres, 150’ x 350’), and Lot 21 (1. 09 acres, 215’ x 350’). It has direct access to county utilities, including sewer, and is zoned under the PSO Commercial district (Citrus County Ch. 2 LDC), allowing for 70% lot coverage and a variety of permitted uses such as professional and medical offices, emergency rooms, regional hospitals, retail, dine-in and drive-thru restaurants, hospitality, pharmacies, medical marijuana treatment centers, assisted living facilities, and multifamily developments of up to 10 units per acre. Located at the northwest corner of CR 486/W Norvell Bryant Hwy and N Crookedbranch Drive, the property offers over 510 feet of prime frontage with full ingress and egress via a median cut, ensuring seamless traffic flow and high visibility. Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property-related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.

Features

  • Lot Size: 515 x 350
  • MLS#: OM695182
  • Days on Market: 444 days
  • Website: https://www.raveis.com
    /prop/OM695182/2853wnorvellbryanthighway_lecanto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/24/2026 11:49:18 PM)
Listing courtesy of CENTURY 21 J.W.MORTON R.E.   Phone: 352-726-6668

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2853 W NORVELL BRYANT HIGHWAY, Lecanto, FL, 34461

$4,999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,999,200 $3,999,200 $3,999,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.362% 6.385% 6.223%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $23,977 $24,624 $33,748
Total Monthly Payment $24,102 $24,749 $33,873

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.