Office Building with Highway
For Sale
$670,000
2303 Highway 44 W, Inverness, FL 34453
SINGLE_FAMILY - Inverness, FL
Property Size1,854 SF
Lot Size2.90 Acres
Price / SF$361.38
Days on Market126
Property Features for 2303 Highway 44 W
General Information
Property type
Residential
Property subtype
Office
Zoning
C,LD
Parking features
Driveway
Interior features
HandicapAccess, HighCeilings, SlidingGlassDoors
Exterior features
PavedDriveway
Accessibility
Accessible Approach with Ramp
Subdivision
Not on List
Lot features
Acreage, Flat, Wooded
Directions
From downtown Inverness- Travel West on 44/Gulf to Lake Hwy; Property on LEFT (adjacent to Outback Steakhouse)
Standard status
Active
APN
2244992
Lot size
2.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT SW COR LT 84 BLK 13 INVERNESS VLG PB 6 PG 26 TH S88 DEG 36M 5S E AL S LN OF BLK 13 138.11 FT TO POB TH N 41 DEG 54M 5S E AL E BDRY OF BLK 13 2502.92 FT TO PC OF CURVE CONC NW'LY HAVING CTRL ANG OF 8 DEG 27M 15S & RAD OF 3765.96 FT TH AL ARC OF CURVE & AL E BDRY 555.68 FT TO PT (CHORD BEARING & DIS BETW PTS BEING N 37 DEG 40M 28S E 555.17 FT) TH N 33 DEG 26M 50S E AL E BDRY 1978.61 FT TO SW'LY R/W LN OF SR 44 TH AL R/W S 54 DEG 28M 20S E 80.05 FT TH S 33 DEG 26M 50S W 1975.7 FT TO PC OF CU RVE CONC NW'LYHAVING CTRL ANG OF 8 DEG 27M 15S & RAD OF 3845.96 FT TH AL ARC 567.48 FT TO PT (CHORD BEARING & DIS BETW PTS BEINGS 37 DEG 40M 28S W 566.97 FT) TH S 41 DEG 54M 5S W 2434.59 FT TH N 88 DEG 36M 5S W 105.21 FT TO POB EXC MAIN ST &EXC PT
Tax Annual Amount
4984
Legal Description
COM AT SW COR LT 84 BLK 13 INVERNESS VLG PB 6 PG 26 TH S88 DEG 36M 5S E AL S LN OF BLK 13 138.11 FT TO POB TH N 41 DEG 54M 5S E AL E BDRY OF BLK 13 2502.92 FT TO PC OF CURVE CONC NW'LY HAVING CTRL ANG OF 8 DEG 27M 15S & RAD OF 3765.96 FT TH AL ARC OF CURVE & AL E BDRY 555.68 FT TO PT (CHORD BEARING & DIS BETW PTS BEING N 37 DEG 40M 28S E 555.17 FT) TH N 33 DEG 26M 50S E AL E BDRY 1978.61 FT TO SW'LY R/W LN OF SR 44 TH AL R/W S 54 DEG 28M 20S E 80.05 FT TH S 33 DEG 26M 50S W 1975.7 FT TO PC OF CU RVE CONC NW'LYHAVING CTRL ANG OF 8 DEG 27M 15S & RAD OF 3845.96 FT TH AL ARC 567.48 FT TO PT (CHORD BEARING & DIS BETW PTS BEINGS 37 DEG 40M 28S W 566.97 FT) TH S 41 DEG 54M 5S W 2434.59 FT TH N 88 DEG 36M 5S W 105.21 FT TO POB EXC MAIN ST &EXC PT
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Stucco
Roof type
Asphalt, Shingle
Listing Agency:
Alexander Real Estate, Inc.
(352) 795-6633
Listed By:
Joseph Alexander · License #3065029
(352) 795-6633
Added: Mar 30
Changed: Aug 1
Last Checked: Aug 2 at 11:06AM
MLS# 853551
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 office building sits on a 2.9-acre site with frontage on SR 44/Gulf to Lake Hwy within city limits of Inverness. The frontage portion is zoned C-Commercial (Inverness) on approximately 0.36 acres with 80' frontage on SR 44/Gulf to Lake Hwy, while the remainder of the property is zoned LDR. The property was previously utilized as a long-standing law office.
The existing building was built in 1985 and includes approximately 1,854 sqft of heated/cooled space in a concrete block structure with stucco exterior. The layout features a lobby/waiting room, conference space, kitchen area, reception area, three additional office rooms, and two bathrooms (including one accessible). Access includes a ramp from the parking lot and a ramp into the building.
Public water (Inverness) is on the commercial lot, and a public sewer notice was received. HVAC was installed in 2021. The location is described as near a major retail cluster, just west of historic downtown, and near the hospital, with adjacent uses including a restaurant (Outback Steakhouse) and a professional office (investment firm).
The existing building was built in 1985 and includes approximately 1,854 sqft of heated/cooled space in a concrete block structure with stucco exterior. The layout features a lobby/waiting room, conference space, kitchen area, reception area, three additional office rooms, and two bathrooms (including one accessible). Access includes a ramp from the parking lot and a ramp into the building.
Public water (Inverness) is on the commercial lot, and a public sewer notice was received. HVAC was installed in 2021. The location is described as near a major retail cluster, just west of historic downtown, and near the hospital, with adjacent uses including a restaurant (Outback Steakhouse) and a professional office (investment firm).
Key Highlights
- 2.9‑acre site with frontage on SR 44/Gulf to Lake Hwy in Inverness city limits
- Approximately 0.36‑acre frontage portion zoned C‑Commercial (Inverness) with 80' frontage on SR 44/Gulf to Lake Hwy
- Remainder zoned LDR
Financial Insights For Office B
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 | $33.4k | $18.00 |
| − Vacancy | −$7.3k | −$3.96 |
| EGI | $26.0k | $14.04 |
| − OpEx | −$6.5k | −$3.51 |
| NOI | $19.5k | $10.53 |
1,854 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$278.9K
$244.0K – $325.4K
NOI $19,523 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$416.6K
$364.5K – $486.0K
NOI $29,161 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
312
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building on a large site with highway frontage, public water, and a lobby, conference space, and offices with accessible ramps.
Where is this office building located?
The property is located at 2303 Highway 44 W Inverness, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 2.9‑acre site with frontage on SR 44/Gulf to Lake Hwy in Inverness city limits; Approximately 0.36‑acre frontage portion zoned C‑Commercial (Inverness) with 80' frontage on SR 44/Gulf to Lake Hwy; Remainder zoned LDR
