Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1971
Sq.Footage
32,608
This is a rare opportunity to secure one of the last remaining large parcels in the main commercial corridor. Situated just off the controlled intersection of US Hwy 41/W Main Street interchange (25,500 AADT) and SR 44/E Gulf to Lake Hwy (17,500 AADT), the property spans 3.09 acres with over 330 feet of highway frontage and a combined traffic area of over 71,500 cars daily in the City Limits of Inverness with City Water and Sewer. Zoned C-Commercial allows the highest density of development for commercial enterprise in Citrus County Land Development Code. The subject property is easily accessible, with full ingress and egress via a median curb cut from southbound traffic and right-in access for northbound traffic. It is located at the nexus of W Main Street, US Hwy 41, and SR 44, which connects to I-75 within 15 miles to the east. Current improvements on the subject property include a mixed-use retail and warehouse facility with over 32,608 square feet, 3-phase electric, and 25-foot ceilings in the warehouse area. It also features two 20’x20’ grade-level doors and full pull-through access for large box trucks and other commercial vehicles. Additionally, approximately 1.9 acres of the site serve as a fenced laydown storage yard. This massive retail hub of Downtown Inverness benefits from a collective pool of consumers from well-known national and regional retailers such as Winn-Dixie, Future Aldi's, Publix, McDonald's, Burger King, and many more. Beyond the retail offerings, you will find the City Hall of Inverness, Citrus County Tax Collectors, Property Appraisers, Department of Vehicles, and the Citrus County Courthouse. The City of Inverness has recently invested heavily in beautifying the town, including the newly constructed lakefront parks: Liberty, Wallace Brooks, and the Depot District. With the recent $135 million expansion of the Suncoast Parkway and future extensions, Citrus County is poised for historic growth within the Tampa MSA. Just a 15-minute drive from the property, an ideal customer base of 46,361 residents with an average age of 58 and a median household income of $65,000 awaits. Strong market consumer expenditures reveal that 66% of residents dine out at restaurants/steakhouses, and 89% frequent fast-food restaurants. Moreover, given the median age of 58, the area's population has spent over $106 million on healthcare services. The property offers access to flourishing populations in Floral City (5 miles), Lecanto (12.3 miles), Beverly Hills (15.1 miles), Crystal River (16.6 miles), and Homosassa (18.8 miles). As part of Citrus County, currently home to 153,600 residents, the area is projected to experience exponential growth, reaching an estimated 350,000 residents under Citrus County’s Land Development Code by 2030. Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property-related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Metal Siding
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
3.2
-
Property Type
Commercial Sale
-
Property Sub Type
Warehouse
Price
-
Sales Price
$3,100,000
-
Tax Amount
20191.18
-
Sq. Footage
32, 608
-
Price/SqFt
$95
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Foundation Details
Slab
-
Ownership
Corporation
-
Sewer
Public Sewer
-
Tax Lot
110
-
Water Source
Public
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Location
County
Citrus
Elementary School
Middle School
High School
Listing Courtesy of Elias Kirallah , CENTURY 21 J.W.MORTON R.E.
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