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1157 BROAD STREET

Lots/Land Recently Sold
$1,100,000

BTC: 17.79935275

ETH: 630.01145475

Sold on: 2025-10-24
17 days
0 room(s)

Overview

Redevelopment or Value-Add Opportunity!! Presenting a RARE 9.2-acre commercial property zoned C2, ideally situated just south of the high-traffic intersection at Ayers Road and US Highway 41. This parcel offers immediate commercial development potential in one of Hernando County's most active growth corridors, benefiting from excellent access, visibility, and existing infrastructure. The property includes several existing structures, including two single-family residences, two warehouse buildings, and a manufactured home, totaling over 4,900 square feet of existing improvements. These buildings may be renovated for adaptive reuse or cleared for new construction, giving developers and investors multiple paths to value creation. Key improvements include: (2) Single-Family Residences (built 1945 & 1948), (2) Warehouses (built 1948 & 1960), (1) Manufactured Home (1980). Whether you choose to rehabilitate existing structures for income-producing use or reposition the property for new commercial development, this site offers flexibility, frontage, and high C2 zoning that allows for a broad range of uses—retail, service, storage, flex space, or mixed-use. With city water and sewer available and located near a major planned commercial node, this property is a strategic hold, value-add, or development play in a booming region!

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
9.20 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$375,000
$353K – $885K
Confidence Low
List vs. estimate
$775K above estimate
List $1,150,000 · +206.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,436
2024
All facts and features
  • Lot

    • Lot: 9.20 Acres

    Other Property Information

    • Parcel Number: R2542318000001100000

    • Zoning: C2

  • Type and style

    • Property Type: Land

  • Utility

    • BB/HS Internet Available

    • Electrical Nearby

    • Electricity Available

    • Public

    • Sewer Available

    • Water Available

    • Water Nearby

  • Other financial information

    • Annual tax amount: $5,436

  • Source details

    • MLS ID: W7876248

    Other facts

    • Water Source: Public

    • Lot Size Dimensions: 854 x 664 x 563 x 530

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: HOME LAND REAL ESTATE INC