Mixed-Use Property with
New
For Sale
$3,200,000
315 S Us Highway 41, Inverness, FL 34450
C-Commercial zoning and existing city water and sewer serve this property in Inverness.
Property Size23,816 SF
Lot Size3.09 Acres
Price / SF$98.14
Days on Market2
Property Features for 315 S Us Highway 41
General Information
Standard status
Active
Size
23,816 SF
Lot size
3.09 Acres
Property subtype
Industrial
Zoning
C-Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, warehouse
Warehouse & Industrial
Clear Height
25 ft
Drive-In Doors
2
Three-Phase Power
Yes
Additional Details
Property Use
Mixed-Use Retail and Warehouse
Taxes and HOA fees
Annual Taxes
$23,189
Amenities
3-phase electric
25' warehouse ceilings
Two 20'x20' grade-level doors
Full pull-through access for large box trucks
1.9 acres of fenced laydown/storage yard
Building Details
Building Size
23,816 SF
Year Built
1971
Listing Agency:
The Holloway Group, PA
Listed By:
John Holloway · License #3051065
(352) 464-3544
Source:
Elliman
Added: Nov 4
Last Checked: Nov 4 at 2:22PM
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 The Holloway Group, PA
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Investment Insights
Based on property information with market context.
The property combines 32,608± square feet of mixed-use retail and warehouse space with a 1.9-acre fenced storage yard. Warehouse features include 25-foot ceilings, two 20-by-20-foot grade-level doors, three-phase electric service and pull-through truck access. The site totals 3.09 acres, with city water and sewer in place, and is zoned C-Commercial under the Citrus County Land Development Code.
Located near the intersection of U.S. Highway 41 and State Road 44 in Inverness, the property has access via a median curb cut for southbound traffic and right-in access for northbound traffic. The cited traffic counts are 25,500 AADT on U.S. Highway 41 and 17,500 AADT on State Road 44. Interstate 75 is 15 miles to the east.
Located near the intersection of U.S. Highway 41 and State Road 44 in Inverness, the property has access via a median curb cut for southbound traffic and right-in access for northbound traffic. The cited traffic counts are 25,500 AADT on U.S. Highway 41 and 17,500 AADT on State Road 44. Interstate 75 is 15 miles to the east.
Key Highlights
- 32,608± SF mixed‑use retail and warehouse facility on a 3.09‑acre site
- Warehouse has 25’ ceilings, two 20’x20’ grade‑level doors and 3‑phase electric
- 1.9 acres of fenced laydown and storage yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$236,979
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,739,580
$4.7M
Cap Rate 7%
$3,385,414
$3.4M
Cap Rate 9%
$2,633,100
$2.6M
Market Conditions
NOI Build-Up for 32,608 SF
Gross rent
$293.5K $9.00/SF
− Vacancy
−$14.7K −$0.45/SF
EGI
$278.8K $8.55/SF
− OpEx
−$41.8K −$1.28/SF
NOI
$237.0K $7.27/SF
Area
Citrus County, FL
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,739,580
Cap Rate 7%
$3,385,414
Cap Rate 9%
$2,633,100
Alternative Uses
Best Use
Retail
$4.48M
$3.92M – $5.22M
NOI $313,281 @ 7.0% cap · market cap 9.79%
Second Best
Mixed Use
$4.36M
$3.82M – $5.09M
NOI $305,394 @ 7.0% cap · market cap 9.54%
Theoretical Best
Specialty Retail
$7.33M
$6.41M – $8.55M
NOI $512,886 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
25 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-Commercial zoning and existing city water and sewer serve this property in Inverness.
Where is this mixed-use property located?
The property is located at 315 S Us Highway 41 Inverness, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 32,608± SF mixed‑use retail and warehouse facility on a 3.09‑acre site; Warehouse has 25’ ceilings, two 20’x20’ grade‑level doors and 3‑phase electric; 1.9 acres of fenced laydown and storage yard
