7667 Carl G Rose Hwy, Hernando, FL 34442

Arrowhead Plaza is a prime 3-unit Class C Neighborhood Shopping Center with 3,705 sf and a Metal Frame construction. This property, optimally located at the NE corner of the signalized intersection of SR 200/Carl G Rose Hwy (10,900 AADT) and Posselet Dr/CR 491 (5,800 AADT), is vacant and ready for a new tenant or user. Featuring 20 parking spaces, this property is situated on 3.73 acres (321' x 450') of General Commercial zoned land with 321' highway frontage on SR 200. With a surplus of land, the subject property offers a variety of general commercial uses, such as general retail, QSR/restaurants, C-Store/Service Station, and Warehouse/Storage; all allowing for a maximum of 70% impervious lot coverage (approximately 2.61 acres of developable grounds). This corner location allows for full ingress and egress north- and south-bound on SR 200 with secondary access onto Posselet Drive. The central location allows for easy access to Ocala (8 miles N), Lecanto (10 miles SE), and Inverness (11 miles S). Located in the growing Citrus County, part of the Tampa-St Petersburg MSA, the 18th Largest in the nation. With a population of 155,582 residences and growing annually at a rate of 1.29%, Citrus is the 34th largest county in the State of Florida. Citrus County is large and land barren, with over 60,000 vacant parcels green-lighted for development, plans to expand utilities across the county, and further improving and widening of several cross-connecting highways, including the newly completed extension of the 589-Toll Road to SR-44 with further expansion to CR-486, set to be completed by early 2023.

Logistic Details:
County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once the former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.
-County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491.
-County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these types of 'coastal spur' routes, in West Central Florida, it is county-maintained.
-U. S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U. S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Hwy constructed from Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.

Suncoast Parkway:
The Suncoast Parkway recently opened was a $135 Million Dollar expansion that extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries, and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System. The Suncoast Parkway is just 68 Miles 1 hour and 15 minutes from Tampa making it a great commuting Highway for the workforce seeking to be outside of the Tampa traffic. The Veterans Expressway and Suncoast Parkway is a north-south toll road near the Florida Gulf Coast. Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto. ?
Citrus County Growth:
Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data. Citrus County, Florida is the 34th largest county in Florida. The 2010 Population was 141,173 and has seen a growth of 10.21% since this time. Citrus County's current LDC allows for approximately a population of 350k residencies. Given the expansion of the Suncoast Parkway and the 6 lane expansion of US 19, we are in the path of tremendous growth. Currently, Citrus County has 60,000 vacant parcels of land prime for development. The County and incorporated Cities have plans for extensive utility expansion throughout the county including the expansion of the Crystal River Airport Run Way 5000 feet to allow for larger aircraft to land and take off including a newly funded 75 acres industrial complex granted by the state to expand utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features.

Community Development:
-957 single-family residential homes on a 354-acre site in Lecanto.
-500 lot subdivision, located in Citrus Springs by Habitat for Humanity of Citrus County.
-Green Mills Group in 2020 built a 106-unit apartment campus offering affordable housing on Colonnade Street in Inverness.
-County commissioners approved a planned unit development (PUD) for Preservation Point RV Resort, a 234-acre property.
-Jaymelday Holdings LLC calls for up to 600 RV sites, along with amenities such as a pool, golf cart rentals, bar and grill, basketball court, and walking trails in Crystal River.
-207 Home subdivision by DR Horton in Beverly Hills, Florida Citrus Ridge Area.
-930 Unit Subdivision in Planning with a national builder in Lecanto just off the Suncoast Parkway extension on SR 44.