Automotive Facility with Hydraulic
1601 W Main Street Inverness, FL 34450
1601 W Main Street, Inverness, FL, 34450
Contact for pricing
For Sale
Contact for pricing
Purpose-built heavy commercial automotive facility with 15 grade-level receiving doors and three in-ground hydraulic lifts.
Property Size12,900 SF
Price / SF$170.16
Days on Market86
Property Features for 1601 W Main Street
General Information
- Standard status
- Active
- Size
- 12,900 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1971
Listing agency
MERRITT REALTY
(941) 270-9970
Listed by
Kevin Riordan · License #SL 33660231
Source
Crexi
Added: Apr 27 Updated: Jul 20 at 5:50PM Checked: Jul 20 at 5:50PM
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 MERRITT REALTY
Investment Insights
Based on property information with market context.
This purpose-built heavy commercial automotive facility is designed for high-capacity vehicle operations. The property includes 15 grade-level receiving doors, three in-ground hydraulic lifts, and an on-site paint booth, supported by 3 and 4-phase electrical service for industrial use.
The property is located at 1601 W Main Street in Inverness, FL 34450. The site is offered for sale with C-Commercial zoning, a 70% FAR coverage allowance, and a grandfathered collision-center use currently permitted under existing conditions.
As configured, the improvements and operational infrastructure are geared toward collision and service workflows, with multiple access points for receiving and mechanical work supported by the lifts and paint booth.
The property is located at 1601 W Main Street in Inverness, FL 34450. The site is offered for sale with C-Commercial zoning, a 70% FAR coverage allowance, and a grandfathered collision-center use currently permitted under existing conditions.
As configured, the improvements and operational infrastructure are geared toward collision and service workflows, with multiple access points for receiving and mechanical work supported by the lifts and paint booth.
Key Highlights
- 1971 purpose‑built heavy commercial automotive facility
- 15 grade‑level receiving doors for heavy vehicle loading
- Three in‑ground hydraulic lifts
Local 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 | $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 Uses
Best Use
Retail
$1.77M
$1.55M – $2.07M
NOI $123,937 @ 7.0% cap · market cap 5.65%
Second Best
Industrial
$1.21M
$1.06M – $1.42M
NOI $84,992 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $202,902 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Como Rv
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Como Rv — 1601 W Main St, Inverness, FL 34450
- Take 5 Oil Change — 900 W Main St, Inverness, FL 34450
- Inverness Auto Glass & Windshield Replacement — 901 us-41, inverness, fl 34450
- Love Chevrolet, INC. — 2209 Hwy 44 W, Inverness, FL 34453
- CS Inverness Towing ™ — 602 W Main St, Inverness, FL 34450
FAQs
What type of property is this?
Auto shop - Purpose-built heavy commercial automotive facility with 15 grade-level receiving doors and three in-ground hydraulic lifts.
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 $2,195,000.
What are key features of this property?
This property features: 1971 purpose‑built heavy commercial automotive facility; 15 grade‑level receiving doors for heavy vehicle loading; Three in‑ground hydraulic lifts
