Strip Mall with Highway
For Sale
$395,000
3161 E Gulf To Lake Highway, Inverness, FL 34453
SINGLE_FAMILY - Inverness, FL
Property Size2,275 SF
Lot Size0.22 Acres
Price / SF$173.63
Days on Market59
Property Features for 3161 E Gulf To Lake Highway
General Information
Property type
Residential
Property subtype
Retail
Zoning
GNC
Parking features
Driveway
Exterior features
BlacktopDriveway
Subdivision
Inverness Highlands U 1-9
Lot features
Cleared, Flat
Directions
From Hwy 44/E Gulf to Lake Hwy towards Walmart, the building is located on the right and turn into the parking lot.
Standard status
Active
APN
1633931
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INVERNESS HGLDS UNIT 1 LOTS 69 70 71 & 72 BLK 11 TITLE IN O R BK 550 PG 1767 --AND-- EASEMENT FOR INGRESS AND EGRESS OVER AND ACROSS SW'LY 23 FT OF LTS 9 TO 12 BLK 11 AS DESCR IN OR BK 2300 PG 592
Tax Annual Amount
3347
Legal Description
INVERNESS HGLDS UNIT 1 LOTS 69 70 71 & 72 BLK 11 TITLE IN O R BK 550 PG 1767 --AND-- EASEMENT FOR INGRESS AND EGRESS OVER AND ACROSS SW'LY 23 FT OF LTS 9 TO 12 BLK 11 AS DESCR IN OR BK 2300 PG 592
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
front and rear parking
central water
Building Details
Year built
1978
Floors in Building
1
Flooring type
Vinyl
Building materials
Stucco
Roof type
Membrane, Flat, Rubber
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
James Morton · License #123629
(352) 422-2173
Added: Jun 5
Changed: Aug 1
Last Checked: Aug 2 at 10:06AM
MLS# 854793
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 strip mall features three retail stores on the west side of Inverness at 3161 E Gulf To Lake Highway. The property totals 2,275 sq ft, with 2,535 sq ft under roof. Unit 1 is 824 sf mol, Unit 2 is 613 sf mol, and Unit 3 is 837.5 sf mol, each supported by front and rear parking.
The center is located on Hwy 44 West with 80' of highway frontage, providing drive-by visibility for retail tenants. Exterior features include a blacktop driveway and a large lighted pylon sign.
Built in 1978, the strip mall has central water and electric central heating and central air cooling. The roof includes rubber flat membrane materials, and flooring is vinyl. Sewer service is provided via septic tank, and the property is zoned GNC.
The center is located on Hwy 44 West with 80' of highway frontage, providing drive-by visibility for retail tenants. Exterior features include a blacktop driveway and a large lighted pylon sign.
Built in 1978, the strip mall has central water and electric central heating and central air cooling. The roof includes rubber flat membrane materials, and flooring is vinyl. Sewer service is provided via septic tank, and the property is zoned GNC.
Key Highlights
- 80' of frontage on Hwy 44 West for retail visibility
- Three retail store units totaling 2,275 sq ft; 2,535 sq ft under roof
- Front and rear parking serving all three units
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $15.00 |
| − Vacancy | −$2.9k | −$1.28 |
| EGI | $31.2k | $13.73 |
| − OpEx | −$9.4k | −$4.12 |
| NOI | $21.9k | $9.61 |
2,275 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$312.2K
$273.2K – $364.3K
NOI $21,857 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 34453, FL
10,964
Population
5,628
Households
1.9
Avg Household Size
54
Median Age
19%
College-Educated
94%
High-School Grad
27.1 sq mi
ZIP Area
405
Density / Sq Mi
$58,064
Median Household Income
$33,341
Median Earnings
$1,046
Median Rent
$174,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Three retail units with front and rear parking on Hwy 44 West in Inverness.
Where is this strip mall located?
The property is located at 3161 E Gulf To Lake Highway Inverness, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 80' of frontage on Hwy 44 West for retail visibility; Three retail store units totaling 2,275 sq ft; 2,535 sq ft under roof; Front and rear parking serving all three units
