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Convenience Store Property

101 Cherry, Inverness, FL 34450

For Sale
New
$750,000

Fuel pumps have been removed, and the underground storage tanks are decommissioned and filled.

Property Size1,056 SF
Days on Market2

Property Features for 101 Cherry

General Information

Standard status Active
Size 1,056 SF
Property subtype Commercial

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $5,386

Building Details

Building Size 1,056 SF
Year Built 1998
Listed By: Diana Marcum
Source: Elliman
Added: Nov 6 Last Checked: Nov 6 at 2:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Diana Marcum

Rey
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Investment Insights

Based on property information with market context.

Built in 1998, this convenience-store property is offered in its current condition. Fuel pumps have been removed, and the underground storage tanks have been decommissioned and filled. The site previously operated as a convenience store and gas station.

The property fronts Main Street in Inverness, near the historic downtown area. Nearby businesses and civic destinations include restaurants, Citrus Memorial Hospital, doctors’ offices, Citrus High School, and Inverness City Hall, with residential areas also in the vicinity.

Key Highlights

  • Built in 1998
  • Former convenience store and gas station site
  • Fuel pumps removed; underground storage tanks decommissioned and filled

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Grocery and convenience stores

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
Under-served
Demand for This Use

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

Similar Off Market Nearby

  • Save A Lot — 222 US Hwy 41 S, Inverness, FL 34450

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Fuel pumps have been removed, and the underground storage tanks are decommissioned and filled.
Where is this grocery and convenience store located?
The property is located at 101 Cherry 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: Built in 1998; Former convenience store and gas station site; Fuel pumps removed; underground storage tanks decommissioned and filled
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