Retail Strip Center with Three
For Sale
$425,000
3161 E Gulf To Lake Highway, Inverness, FL 34453
Three individually sized retail units with front and rear parking and central water service along Hwy 44 West.
Property Size2,275 SF
Price / SF$186.81
Days on Market79
Property Features for 3161 E Gulf To Lake Highway
General Information
Standard status
Active
Size
2,275 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Century 21 J.W.Morton R.E.
(352) 422-2173
Listed By:
James Morton · License #123629
(352) 422-2173
Source:
Xome
Added: May 13
Changed: Jul 10
Last Checked: Jul 30 at 11:04AM
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.
Investment Insights
Based on property information with market context.
This for-sale retail strip center features three separate storefront units arranged for tenant independence. The property totals 2,275 square feet, with 2,535 square feet under roof, and includes Unit 1 at 824 square feet (mol), Unit 2 at 613 square feet (mol), and Unit 3 at 837.5 square feet (mol). On-site improvements include a large lighted pylon sign and central water service.
The center is located on the west side of Inverness on Hwy 44 West, offering approximately 80 feet of highway frontage. Parking is provided both in front of and behind the building, supporting convenient customer access and day-to-day operations.
The layout and unit mix make this property practical for retail operators looking for dedicated storefront space, as well as for investors considering a small multi-tenant retail configuration. With signage visibility along the highway, multiple unit sizes, and parking in two locations, the center is designed to serve straightforward retail needs with clear customer access.
The center is located on the west side of Inverness on Hwy 44 West, offering approximately 80 feet of highway frontage. Parking is provided both in front of and behind the building, supporting convenient customer access and day-to-day operations.
The layout and unit mix make this property practical for retail operators looking for dedicated storefront space, as well as for investors considering a small multi-tenant retail configuration. With signage visibility along the highway, multiple unit sizes, and parking in two locations, the center is designed to serve straightforward retail needs with clear customer access.
Key Highlights
- Three retail units totaling 2,275 sq ft, with 2,535 sq ft under roof along Hwy 44 West
- 80' Hwy frontage on the west side of Inverness at 3161 E Gulf to Lake Hwy 3161 E Gulf to Lake Hwy.
- Unit sizes: 824 SF (Unit 1), 613 SF (Unit 2), and 837.5 SF (Unit 3) MOL
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 | $34.1k | $15.00 |
| − Vacancy | −$2.9k | −$1.28 |
| EGI | $31.2k | $13.73 |
| − OpEx | −$9.4k | −$4.12 |
| NOI | $21.9k | $9.61 |
2,275 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$312.2K
$273.2K – $364.3K
NOI $21,857 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
405
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Three individually sized retail units with front and rear parking and central water service along 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 $425,000.
What are key features of this property?
This property features: Three retail units totaling 2,275 sq ft, with 2,535 sq ft under roof along Hwy 44 West; 80' Hwy frontage on the west side of Inverness at 3161 E Gulf to Lake Hwy 3161 E Gulf to Lake Hwy.; Unit sizes: 824 SF (Unit 1), 613 SF (Unit 2), and 837.5 SF (Unit 3) MOL
