Inverness Commercial Property on SR
1601 W Main Street, Inverness, FL 34450
Commercial property with highway frontage in Historic Downtown Inverness, Florida.
Type:Commercial/Industrial
Property size:
12,900 SFLot size:
1.84 AcresPrice / SF:
$182/SF- Added:
- Mar 12, 2026
- Days on Market:
- 73
- Last Refresh:
- Apr 6 at 1:08 am
Property Features for 1601 W Main Street
General Information
- Standard status
- Active
- Size
- 12,900 SF
- Lot size
- 1.84 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1971
Listing agent Elias Kirallah License #3123414
Listing office CENTURY 21 J.W.MORTON R.E. (352) 726-6668
Listing date Mar 12, 2026
Source Exitrealty
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 CENTURY 21 J.W.MORTON R.E.
HighLights
- Prime location on a corner lot in Historic Downtown Inverness with over 200 feet of frontage on SR 44/W Main Street.
- Large 1.84‑acre lot zoned C‑Commercial, allowing for diverse retail and commercial uses with up to 70% FAR lot coverage.
- Existing 12,900 sq ft facility including a 2,850 sq ft sales department and a 10,320 sq ft repair garage.
- Equipped with 15 grade‑level receiving doors, 12‑16 ft ceilings, and 3/4‑phase electrical supply. Six of the doors are pull‑through.
- Features three in‑ground automobile/RV hydraulic lifts.
- Connected to City Water and Sewer.
Overview
Located on the southwest corner of SR 44/W Main Street in Historic Downtown Inverness, this commercial property features over 200 feet of highway frontage and accessible ingress and egress from two roads. The existing 12,900-square-foot facility was originally constructed in 1971. It includes a 2,850-square-foot sales department and a 10,320-square-foot repair garage. The property is equipped with fifteen grade-level receiving doors ranging from 10 to 14 feet, six of which feature pull-through capabilities, as well as 12 to 16 feet high ceilings, 3 and 4-phase electrical supply, and three in-ground automobile/RV hydraulic lifts. The property is situated on a 1.84-acre corner lot (200’x400’) and is connected to city water and sewer. Zoned C-Commercial, the property allows for a range of uses, including all retail operations and other general neighborhood commercial activities including Medical/Professional Office, with the flexibility of up to a 70% FAR lot coverage. The property is suitable for high-intensity commercial development.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.38M
NOI $123,937 @ 9.00% cap · cautious / downside scenario
Moderate
$1.77M
NOI $123,937 @ 7.00% cap · market / base-case scenario
Aggressive
$2.48M
NOI $123,937 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.5k | $15.00 |
| − Vacancy | −$16.4k | −$1.28 |
| EGI | $177.1k | $13.73 |
| − OpEx | −$53.1k | −$4.12 |
| NOI | $123.9k | $9.61 |
12,900 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.77M
$1.55M – $2.07M
NOI $123,937 @ 7.0% cap · market cap 5.27%
Second Best
Industrial
$1.21M
$1.06M – $1.42M
NOI $84,992 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $202,902 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Como Rv
Car Dealership
Similar Places Nearby
- Love Chevrolet Service — 2209 Hwy 44 W, Inverness, FL 34453
- Como Rv — 1601 W Main St, Inverness, FL 34450
- Plaza Chrysler Dodge Jeep Ram Service Center — 2077 Hwy 44 W, Inverness, FL 34453
- Plaza Chrysler Dodge Jeep Ram Parts Center — 2077 Hwy 44 W, Inverness, FL 34453
- Love Chevrolet, INC. — 2209 Hwy 44 W, Inverness, FL 34453
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.3494
- Latitude
- 28.8355
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Commercial property with highway frontage in Historic Downtown Inverness, Florida.
Where is this auto shop located?
The property is located at 1601 W Main Street Inverness, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Prime location on a corner lot in Historic Downtown Inverness with over 200 feet of frontage on SR 44/W Main Street.; Large 1.84‑acre lot zoned C‑Commercial, allowing for diverse retail and commercial uses with up to 70% FAR lot coverage.; Existing 12,900 sq ft facility including a 2,850 sq ft sales department and a 10,320 sq ft repair garage.
