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For Auction

REO Sale: Former CVS - Homosassa | Vacant, Redevelopment

3959 South Suncoast Boulevard,
Homosassa, FL 34448
Represented by
Colliers

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Freestanding Retail
Retail Subtype
2003
Year Built
1
Floor Count
1
Building Count
54
Parking Spots
25,500
Vehicles Per Day
1.51 Acres
Land Area
14,275 SF
Property Size

Investment Highlights

Single-Tenant Box, Fully Vacant
14,275 SF freestanding former CVS on a 1.51-acre parcel, built 2003; vacant, unencumbered.
Hard Corner on the US 19 Corridor
Signalized hard corner at S. Suncoast Blvd (US 19) and W. Grover Cleveland Blvd; 25,500 VPD.
Publix-Anchored Center Across the Street
Faces a Publix-anchored center, near McDonald's, Aldi, Dollar Tree, RaceTrac, and Walgreens.
Zoning Supports a Broad Range of Backfill Use
GNC zoning permits retail, pharmacy, grocery, urgent care, dollar store, fitness, and QSR uses.
Near the Suncoast Parkway Interchange
Suncoast Parkway interchange sits about 2 miles southeast, with access to Tampa, 75 miles south.
Growing and Healthy Homosassa Submarket
Homosassa Springs MSA tops 171,000 people with 2026 AHHI above $95,000, up ~2% annually since 2020.

Offering Summary

Brokered by Colliers and powered by RealINSIGHT Marketplace, we are pleased to present the REO sale of the former CVS at 3959 South Suncoast Boulevard, Homosassa, FL 34448, a ±14,275 SF freestanding retail building on a ±1.51-acre (±65,900 SF) hard-corner parcel, built in 2003. The property is vacant and unencumbered by a lease, offering an income investor a clean slate to re-tenant the existing building, an owner-user the opportunity to occupy a signalized US 19 corner, or a developer the ability to pursue a ground lease or full redevelopment of the site.

 

The site sits at the signalized hard corner of S. Suncoast Boulevard (US 19) and W. Grover Cleveland Boulevard, a corridor carrying approximately 25,500 vehicles per day, directly across from a Publix-anchored shopping center. The property is zoned GNC (General Commercial District) under Citrus County code, permitting a wide variety of commercial uses with the potential to leverage the existing drive-thru lane.

Due Diligence

Location

The site sits at the signalized hard corner of S. Suncoast Boulevard (US 19) and W. Grover Cleveland Boulevard, a corridor carrying approximately 25,500 vehicles per day, directly across from a Publix-anchored shopping center. The Suncoast Parkway interchange sits about 2 miles southeast, with access to Tampa, 75 miles south.

2.3%
Homosassa Springs retail vacancy
24,311
Population within 5 miles

Transaction Managers

Darlene Johnson
Marketplace
Hampton Gomila
Marketplace

Platform Fee

Buyer pays platform fee at closing.

5% or $25,000 minimum

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

Auction Opens In
40d 23h 52m 44s
$600,000
Starting Bid
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Bidding Closes

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Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.