Three-Unit Retail Strip
For Sale
$395,000
3161 E Gulf To Lake Highway, Inverness, FL 34453
CommercialSale, Inverness, FL
Property Size2,275 SF
Lot Size0.22 Acres
Price / SF$173.63
Days on Market139
Property Features for 3161 E Gulf To Lake Highway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GNC
Parking features
Driveway
Exterior features
BlacktopDriveway
Subdivision
Inverness Highlands U 1-9
Lot features
Cleared, Flat
Directions
From Hwy 44/E Gulf to Lake Hwy towards Walmart, the building is located on the right and turn into the parking lot.
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
Legal 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
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
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. · Century 21 Real Estate
(352) 726-6668
Listed By:
James Morton · License #123629
(352) 422-2173
Added: Jun 5
Changed: Oct 20
Last Checked: Oct 21 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This three-store retail strip center contains 2,275 total square feet and 2,535 square feet under roof on a 0.22-acre parcel. The unit configuration includes approximately 824 square feet, 613 square feet, and 837.5 square feet. Improvements date to 1978 and feature stucco construction, vinyl flooring, central heating and air conditioning, a flat rubber membrane roof, and a blacktop driveway.
The property is positioned at 3161 E Gulf To Lake Highway in Inverness, with 80 feet of highway frontage. Front and rear parking serve the building, while a large illuminated pylon sign provides on-site identification. The property has GNC zoning, public water, and a septic tank.
The property is positioned at 3161 E Gulf To Lake Highway in Inverness, with 80 feet of highway frontage. Front and rear parking serve the building, while a large illuminated pylon sign provides on-site identification. The property has GNC zoning, public water, and a septic tank.
Key Highlights
- Three retail units totaling 2,275 square feet; 2,535 square feet under roof
- Unit sizes of 824 square feet, 613 square feet, and 837.5 square feet
- 80' frontage on E Gulf To Lake Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,857
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,140
$437.1K
Cap Rate 7%
$312,243
$312.2K
Cap Rate 9%
$242,856
$242.9K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$34.1K $15.00/SF
− Vacancy
−$2.9K −$1.28/SF
EGI
$31.2K $13.73/SF
− OpEx
−$9.4K −$4.12/SF
NOI
$21.9K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,140
Cap Rate 7%
$312,243
Cap Rate 9%
$242,856
Alternative Uses
Best Use
Retail
$312.2K
$273.2K – $364.3K
NOI $21,857 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - GNC-zoned retail property with front and rear parking, central water, and a lighted pylon sign.
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: Three retail units totaling 2,275 square feet; 2,535 square feet under roof; Unit sizes of 824 square feet, 613 square feet, and 837.5 square feet; 80' frontage on E Gulf To Lake Highway
