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$3,100,000
Est. payment /mo
32,608 SqFt
UPDATED:
11/14/2024 11:45 PM
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
Square Footage 32,608 sqft
Price per Sqft $95
Subdivision Inverness Town
MLS Listing ID OM679344
HOA Y/N No
Originating Board Stellar MLS
Year Built 1971
Annual Tax Amount $20,191
Lot Size 3.200 Acres
Acres 3.2
Lot Dimensions 330x540
Property Description
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. Positioned within the Tampa–St. Petersburg–Clearwater MSA, ranked as the 18th largest in the U.S., Citrus County emerges as one of the nation's premier real estate markets.
Location
State FL
County Citrus
Community Inverness Town
Zoning C
Interior
Cooling Central Air
Flooring Concrete
Exterior
Parking Features Parking Spaces - 19 to 30
Building
Lot Description Central Business District, Corner Lot
Story 1
Entry Level One
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Block,Metal Frame,Metal Siding
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by CENTURY 21 J.W.MORTON R.E.