Rare 8% Cap 8-Bldg Ind/Retail Portfolio 10 biens | Homosassa, FL

This is the largest commercially developed, actively marketed property in Citrus County. This rare 8-building industrial and retail portfolio spans 26.11 acres across four contiguous, buildable parcels with direct US Highway 19 frontage. It includes 109,406 SF of fully renovated space—seven climate-controlled industrial warehouses and one 2,100 SF restaurant—with ceiling heights up to 20 feet. All industrial buildings were comprehensively upgraded in 2024 with new roofs, HVAC systems under three years old, spray foam insulation, and new garage doors. The restaurant was renovated in 2025 with new bathrooms, drywall, lighting, and paint.

- Building 1: 13,214 SF retail
- Building 2: 3,620 SF office
- Building 3: 12,000 SF industrial
- Building 4: 19,112 SF industrial
- Building 5: 9,000 SF industrial
- Building 6: 18,000 SF industrial (available for lease)
- Building 7: 32,360 SF industrial (available for lease)
- Building 8: 2,100 SF restaurant (renovated in 2025)

Buildings 6 and 7 are available for lease and will be subleased by the current owner to a fourth tenant. The property will be delivered 100% leased at closing.

The property is divisible by parcel, building, or tenant footprint, and can be delivered vacant, partially occupied, or stabilized for investment. Three tenants are ready to sign 10-year NNN leases at an 8% CAP rate, with Auctionz LLC—an anchor tenant with strong financials—positioned to lead the income profile. Buildings 6 and 7 will be subleased to a fourth tenant by the current owner, ensuring full occupancy and stabilized income from day one.

Auctionz LLC and The Bin Spot operate high-volume discount retail models specializing in Amazon-sourced consumer goods, including electronics, apparel, and general merchandise. Their inventory is acquired through Amazon’s liquidation and overstock channels, making this site a regional hub for redistributed e-commerce products. The site also includes a full kitchen, conference room, and on-site gym available to tenants.

The main parcel at 1520 S Suncoast Blvd spans 19.44 acres and includes seven industrial buildings totaling 107,306 SF, zoned Industrial. 1470 S Suncoast Blvd is a 1.43-acre parcel with a fully renovated restaurant. Adjacent parcels include 8809 W River Glen Ct (2.03 acres) and 1420 S Suncoast Blvd (3.21 acres), both zoned General Neighborhood Commercial and buildable with no wetlands per county records; surveys are available. Citrus County Land Development has confirmed that 1420 S Suncoast Blvd could support a hotel, motel, or restaurant up to six stories and 389 rooms.

Each building is separately metered for electric; water is metered per parcel. All buildings are on municipal sewer except Building 7, which operates on septic. With unmatched scale, visibility, and flexible zoning, the site supports a wide range of uses including industrial, logistics, self-storage, retail, office, and mixed-use redevelopment.

Growth Potential: Citrus County is projected to grow from 153,600 residents to 350,000 by 2030. Located within the Tampa MSA—ranked 18th largest in the U.S.—the property benefits from an average daily traffic count of approximately 29,000 vehicles on US Highway 19. Whether for investment, owner-use, or long-term repositioning, this portfolio offers immediate income and lasting upside.

Prefferable sale/lease configurations:
Purchase all four parcels together
• Includes all eight buildings across 26.11 acres
• Suitable for investment or owner/user

Purchase 1520 S Suncoast Blvd only
• Includes seven buildings on 19.44 acres
• Suitable for investment or owner/user

Lease or purchase Building 6, Building 7, or both
• Located on approximately 4 acres within the 1520 parcel
• Can be leased or sold individually or together

Purchase 1420 S Suncoast Blvd separately
• 3.21 acres zoned General Neighborhood Commercial
• Citrus County Land Development has confirmed it could support a hotel, motel, or restaurant up to six stories and 389 rooms

Purchase 1470 S Suncoast Blvd separately
• 1.43 acres with a fully renovated restaurant
• Suitable for investment or owner/user