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Former Gas Station Retail Property
For Sale
$750,000

101 Cherry Avenue, Inverness, FL 34450

CommercialSale, Inverness, FL

Property SizeContact for details
Lot Size0.31 Acres
Days on Market60

Property Features for 101 Cherry Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Zoning C
Parking features Driveway
Exterior features PavedDriveway
Subdivision LaBelle
Lot features Corner Lot
Standard status Active
APN 1760437
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LA BELLE ADDITION TO THE CITY OF INVERNESS PB 1 PG 55, THE S125 FT OF E 125 FT OF SE 1/4 LOT (BLOCK) 15, LYING IN SE 1/4OF NE 1/4 SEC 18 TWN 19S RNG 20E.
Tax Annual Amount 5386
Legal Description LA BELLE ADDITION TO THE CITY OF INVERNESS PB 1 PG 55, THE S125 FT OF E 125 FT OF SE 1/4 LOT (BLOCK) 15, LYING IN SE 1/4OF NE 1/4 SEC 18 TWN 19S RNG 20E.

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1998
Floors in Building 1
Flooring type Concrete
Building materials Block, Concrete
Roof type Flat
Listing Agency: Diana G.Marcum P.A.
Listed By: Diana Marcum · License #128665
Added: Jul 15 Changed: Sep 3 Last Checked: Sep 12 at 3:06AM
MLS# 856372

Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.31-acre commercial property at 101 Cherry Avenue includes a block-and-concrete building with concrete flooring, a flat roof, central air, and heat-pump heating. The property was previously operated as a convenience store and gas station and is being offered in its current as-is condition. The former fuel pumps have been removed, and the underground storage tanks were decommissioned and filled.

The site is positioned on Main Street in Inverness near the historic downtown area. Surrounding businesses and institutions include restaurants, Citrus Memorial Hospital, doctors' offices, Citrus High School, Inverness City Hall, and residential areas. Public water and public sewer serve the property, with a paved driveway providing on-site access.

Key Highlights

  • 0.31‑acre commercial site at 101 Cherry Avenue, Inverness, FL 34450
  • Former convenience store and gas station building
  • Fuel pumps removed; underground storage tanks decommissioned and filled

Property Analytics

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Current Use

Gas stations

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store HVAC Service Kitchen & Bath Showroom Building Supply Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,219
Businesses Nearby

Demographics for 34450, FL

10,788
Population
6,642
Households
1.6
Avg Household Size
59
Median Age
25%
College-Educated
92%
High-School Grad
31.2 sq mi
ZIP Area
346
Density / Sq Mi
$48,955
Median Household Income
$39,409
Median Earnings
$973
Median Rent
$210,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Gas station - Block construction with concrete floors, central air, and public utilities supports a range of commercial uses.
Where is this gas station located?
The property is located at 101 Cherry Avenue Inverness, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 0.31‑acre commercial site at 101 Cherry Avenue, Inverness, FL 34450; Former convenience store and gas station building; Fuel pumps removed; underground storage tanks decommissioned and filled
More about this property
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