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.