Commercial Sale · Retail
1298 E NORVELL BRYANT HIGHWAY, HERNANDO, FL, 34442
Active32 days on marketListed Aug 19, 2026MLS #OM730330
About this property
The property at a glance
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. 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.
5,901
Building sq ft
$136
Price / sq ft
0.88
Lot acres
2007
Year built
5
Units
1
Building
GNC
Zoning
Retail
Property type
The numbers
Investment snapshot
7.55%
Cap rate
$60,420
Net operating income
$95,312
Gross income (yr)
$160,000
Price / unit
5
Units
Estimated payment (illustrative)
Estimated payment
$4,390/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Elizabeth to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
16,356
Population
$55,473
Median income
65.7
Median age
2.03
Avg household
$295,900
Median home value
$965/mo
Median rent
868
Households w/ kids
Recent sales
What actually sold near 1298 E NORVELL BRYANT HIGHWAY
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$10,788
957 S LOIS TERRACE UNIT 101
4,690 sqft · $2/sqft · Sold Sep 30, 2024
$900,000
299 E GULF TO LAKE HIGHWAY
7,254 sqft · $124/sqft · Sold Oct 31, 2025
$150,000
2211 N CROFT AVENUE
1,596 sqft · $94/sqft · Sold Apr 29, 2026
Your team
The pros in your corner
Your agent
Elizabeth Elliott
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1298 E NORVELL BRYANT HIGHWAY — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1298 E NORVELL BRYANT HIGHWAY.
See it in person
Schedule a tour
Live availability from Elizabeth's calendar — pick a time and it's booked.
Listing courtesy of CENTURY 21 J.W.MORTON R.E. · Elias Kirallah. MLS #OM730330.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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