Prime investment opportunity with this 7.42-acre property situated on the East side of the highly trafficked US-19/S Suncoast Blvd in Homosassa. This parcel features over 661 feet of frontage on S Suncoast Blvd and an income producing billboard, in an area of dynamic growth, just south of the W Cardinal St and S Suncoast Blvd intersection, which is home to popular retailers including Walmart, Circle K, and 7-11. Currently zoned MDR (Medium Density Residential), this site allows for a range of commercial and residential uses, with a residential density up to 8 units per acre and a variety of retail, hospitality/service, medical, office, and other neighborhood commercial uses permitted. This property is in an excellent location, just 3.5± miles from the newly completed Suncoast Parkway extension which extends SR 589 from Tampa to Citrus County and is a direct route to Tampa International Airport.