Retail Strip Center with Hwy
3161 E Gulf To Lake Highway Inverness, FL 34453
3161 E Gulf To Lake Highway, Inverness, FL, 34453
$395,000
For Sale
$395,000
SINGLE_FAMILY - Inverness, FL
Property Size2,535 SF
Lot Size0.22 Acres
Price / SF$155.82
Days on Market48
Property Features for 3161 E Gulf To Lake Highway
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- GNC
- Parking features
- Driveway
- Exterior features
- BlacktopDriveway
- Standard status
- Active
- APN
- 1633931
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- INVERNESS HGLDS UNIT 1 LOTS 69 70 71 & 72 BLK 11 TITLE IN O R BK 550 PG 1767 --AND-- EASEMENT FOR INGRESS AND EGRESS OVER AND ACROSS SW'LY 23 FT OF LTS 9 TO 12 BLK 11 AS DESCR IN OR BK 2300 PG 592
- Tax Annual Amount
- 3347
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Stucco
- Roof type
- Flat, Rubber, Membrane
Listing agency
Century 21 J.W.Morton R.E.
(352) 726-6668
Listed by
James Morton · License #123629
(352) 422-2173
Added: Jun 5 Updated: Jul 15 at 5:14PM Checked: Jul 22 at 2:06AM
MLS# 854793
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 property is a retail strip center containing three separate storefront units, designed for commercial occupancy. The center totals 2,275 square feet, with 2,535 square feet under roof. Unit sizes include 824 SF MOL (Unit 1), 613 SF MOL (Unit 2), and 837.5 SF MOL (Unit 3). Site features include both front and rear parking, along with a large lighted pylon sign and central water service.
The center is located on the west side of Inverness along E Gulf to Lake Highway (Hwy 44 West), with approximately 80 feet of highway frontage. The listing is identified as 3161 E Gulf To Lake Highway, Inverness, FL 34453, in Citrus County. Zoning is listed as GNC.
For tenants or buyers seeking a multi-unit retail setup, the configuration supports leasing to multiple operators while maintaining one cohesive neighborhood retail presence. Individual unit dimensions provide options for a range of small retail concepts, and the combination of parking (front and rear) plus highway-oriented frontage can help support straightforward customer access. Central water service and the lighted pylon sign are additional site improvements that support day-to-day business operations.
The center is located on the west side of Inverness along E Gulf to Lake Highway (Hwy 44 West), with approximately 80 feet of highway frontage. The listing is identified as 3161 E Gulf To Lake Highway, Inverness, FL 34453, in Citrus County. Zoning is listed as GNC.
For tenants or buyers seeking a multi-unit retail setup, the configuration supports leasing to multiple operators while maintaining one cohesive neighborhood retail presence. Individual unit dimensions provide options for a range of small retail concepts, and the combination of parking (front and rear) plus highway-oriented frontage can help support straightforward customer access. Central water service and the lighted pylon sign are additional site improvements that support day-to-day business operations.
Key Highlights
- 3 retail stores on the west side of Inverness in a commercial retail strip center on Hwy 44 West
- Approx. 80' of Hwy 44 West frontage; address listed as 3161 E Gulf to Lake Hwy
- Building totals 2,275 sq ft, with 2,535 sq ft under roof
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 | $38.0k | $15.00 |
| − Vacancy | −$3.2k | −$1.28 |
| EGI | $34.8k | $13.73 |
| − OpEx | −$10.4k | −$4.12 |
| NOI | $24.4k | $9.61 |
2,535 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$347.9K
$304.4K – $405.9K
NOI $24,355 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$569.6K
$498.4K – $664.6K
NOI $39,873 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tri-County Hearing Services
Medical Clinic
Randall Jeter
Physician
Fancy Pants Accessories
(Bike/Boat/Book/etc) Store
Smarty Pants Citrus
Accounting Firm
Intergrowth Capital Management ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Three retail storefront units with front-and-rear parking and central water on Hwy 44 West.
Where is this strip mall located?
The property is located at 3161 E Gulf To Lake Highway Inverness, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3 retail stores on the west side of Inverness in a commercial retail strip center on Hwy 44 West; Approx. 80' of Hwy 44 West frontage; address listed as 3161 E Gulf to Lake Hwy; Building totals 2,275 sq ft, with 2,535 sq ft under roof
