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Convenience Store Gas Station Site
For Sale
$750,000

101 Cherry Avenue, Inverness, FL 34450

As-is retail site formerly used as a convenience store and gas station on a high-traffic Main Street location.

Property Size1,056 SF
Price / SF$710.23
Days on Market52

Property Features for 101 Cherry Avenue

General Information

Standard status Active
Size 1,056 SF
Property subtype Retail

Taxes and HOA fees

Annual Taxes $5,386

Amenities

Central Air, Heat Pump
3
Concrete
Flat
Corner Lot.
Driveway, Paved Driveway.
Corner, Community Maintenance.

Building Details

Year Built 1998
Stories 1
Listing Agency: Diana G.Marcum P.A.
Listed By: Diana Marcum · License #128665
Source: Xome
Added: Jul 12 Changed: Aug 28 Last Checked: Aug 31 at 1:40PM

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 G.Marcum P.A.

Investment Insights

Based on property information with market context.

This property is being sold as-is and previously operated as a convenience store and gas station. The fuel pumps have recently been removed, and the underground storage tanks have been decommissioned and filled.

The site is located on high-traffic Main Street in Inverness, near historic downtown. The surrounding area includes restaurants, Citrus Memorial Hospital, doctors’ offices, Citrus High School, Inverness City Hall, and nearby residential areas.

The property’s current improvements and suitability for future redevelopment or reuse should be evaluated based on the as-is condition and completed decommissioning noted in the remarks.

Key Highlights

  • As‑is commercial retail site formerly used as a convenience store/gas station
  • Corner lot on high‑traffic Main Street in Inverness
  • Central air and heat pump; flooring includes concrete

Property 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.

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

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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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 - As-is retail site formerly used as a convenience store and gas station on a high-traffic Main Street location.
Where is this grocery and convenience store 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: As‑is commercial retail site formerly used as a convenience store/gas station; Corner lot on high‑traffic Main Street in Inverness; Central air and heat pump; flooring includes concrete
More about this property
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