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$1,375,000
Est. payment /mo
3,648 SqFt
UPDATED:
12/04/2024 11:56 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $376
Subdivision Inverness Village Unit 03
MLS Listing ID OM689659
HOA Y/N No
Originating Board Stellar MLS
Year Built 1985
Annual Tax Amount $10,515
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 120x245
Property Description
Located on the heavily traveled SR 44 corridor (29,560 AADT), connecting Citrus County to the city limits of Inverness, Florida, this property offers a prime commercial location. Situated at the corner of Central Avenue and SR 44, the site encompasses 0.86 acres with 120 feet of highway frontage. Included in this offering is a beautifully remodeled 3,648 SF mixed-use general commercial building, featuring 22 parking spaces and a prominent elevated monument sign for maximum visibility.
The property is strategically positioned to benefit from the newly extended Suncoast Parkway, with additional extensions planned. Citrus County is on the cusp of historic growth, driven by its inclusion in the rapidly expanding Tampa MSA. This vibrant commercial hub in Downtown Inverness draws consumers from established national and regional retailers, including Winn-Dixie, future Aldi's, Publix, McDonald's, and Burger King. Additionally, the property is in close proximity to key government offices such as the City Hall of Inverness, Citrus County Tax Collector, Property Appraiser, DMV, and the Citrus County Courthouse.
Recent investments by the City of Inverness have further enhanced the area's appeal, including newly developed lakefront parks like Liberty Park, Wallace Brooks Park, and the Depot District. Within a 15-minute drive, the property taps into a robust customer base of 46,361 residents with a median household income of $65,000 and an average age of 58.
The site provides convenient access to growing nearby communities, including Floral City (5 miles), Lecanto (12.3 miles), Beverly Hills (15.1 miles), Crystal River (16.6 miles), and Homosassa (18.8 miles). Citrus County, currently home to 153,600 residents, is projected to nearly double its population to 350,000 by 2030 under its Land Development Code.
As part of the Tampa–St. Petersburg–Clearwater MSA, the 18th largest in the U.S., Citrus County stands out as one of the nation’s premier real estate markets. With the $135 million Suncoast Parkway expansion and an aging, affluent demographic, the area is poised for continued economic growth. Local consumer spending trends indicate strong market potential, with 66% of residents dining out at restaurants and 89% frequenting fast-food establishments, while healthcare expenditures exceed $106 million annually.
This property offers an exceptional opportunity to capitalize on a flourishing market in a high-visibility, high-demand location.
The property is strategically positioned to benefit from the newly extended Suncoast Parkway, with additional extensions planned. Citrus County is on the cusp of historic growth, driven by its inclusion in the rapidly expanding Tampa MSA. This vibrant commercial hub in Downtown Inverness draws consumers from established national and regional retailers, including Winn-Dixie, future Aldi's, Publix, McDonald's, and Burger King. Additionally, the property is in close proximity to key government offices such as the City Hall of Inverness, Citrus County Tax Collector, Property Appraiser, DMV, and the Citrus County Courthouse.
Recent investments by the City of Inverness have further enhanced the area's appeal, including newly developed lakefront parks like Liberty Park, Wallace Brooks Park, and the Depot District. Within a 15-minute drive, the property taps into a robust customer base of 46,361 residents with a median household income of $65,000 and an average age of 58.
The site provides convenient access to growing nearby communities, including Floral City (5 miles), Lecanto (12.3 miles), Beverly Hills (15.1 miles), Crystal River (16.6 miles), and Homosassa (18.8 miles). Citrus County, currently home to 153,600 residents, is projected to nearly double its population to 350,000 by 2030 under its Land Development Code.
As part of the Tampa–St. Petersburg–Clearwater MSA, the 18th largest in the U.S., Citrus County stands out as one of the nation’s premier real estate markets. With the $135 million Suncoast Parkway expansion and an aging, affluent demographic, the area is poised for continued economic growth. Local consumer spending trends indicate strong market potential, with 66% of residents dining out at restaurants and 89% frequenting fast-food establishments, while healthcare expenditures exceed $106 million annually.
This property offers an exceptional opportunity to capitalize on a flourishing market in a high-visibility, high-demand location.
Location
State FL
County Citrus
Community Inverness Village Unit 03
Zoning C
Direction W
Interior
Cooling Central Air
Exterior
Parking Features Parking Spaces - 19 to 30
Roof Type Shingle
Building
Story 1
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Block,Brick
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Listed by CENTURY 21 J.W.MORTON R.E.
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