Auto Repair Shop with Service
For Sale
$700,000
3190 S FLORIDA AVE, Inverness, FL 34450
The sale combines an operating repair business with its commercial real estate on a general commercial-zoned site.
Property Size2,750 SF
Lot Size0.72 Acres
Price / SF$254.55
Days on Market292
Property Features for 3190 S FLORIDA AVE
General Information
Standard status
Active
Size
2,750 SF
Lot size
0.72 Acres
Property subtype
Retail
Zoning
GNC
Financials
Asking Price
$700,000
Business Included
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Taxes and HOA fees
Annual Taxes
$3,048
Amenities
overhead doors
high-bay work areas
substantial paved areas
Building Details
Building Size
2,750 SF
Year Built
1982
Buildings
1
Construction
concrete block
Listing Agency:
PRIMEFIT PROPERTIES LLC
Listed By:
Nick Vaseloff · License #BK3571295
(407) 305-2284
Source:
Bascomgrooms
Added: Jan 8
Changed: Oct 26
Last Checked: Oct 26 at 3:30PM
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 PRIMEFIT PROPERTIES LLC
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Investment Insights
Based on property information with market context.
An operating auto repair business and its real estate are offered together at 3190 S Florida Ave in Inverness. The service building contains approximately 2,750 square feet and dates to 1982. Concrete block construction, overhead doors, and high-bay work areas support the existing automotive service configuration.
The property occupies approximately 0.72 acres with about 125 feet of frontage along US-41/S Florida Ave. Paved areas provide space for parking and vehicle storage. The site is zoned GNC General Commercial.
The property occupies approximately 0.72 acres with about 125 feet of frontage along US-41/S Florida Ave. Paved areas provide space for parking and vehicle storage. The site is zoned GNC General Commercial.
Key Highlights
- Operating auto repair business included with the real estate
- Approximately 2,750 SF of service garage space
- 0.72 acres with approximately 125 feet of frontage on US‑41/S Florida Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,421
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,420
$528.4K
Cap Rate 7%
$377,443
$377.4K
Cap Rate 9%
$293,567
$293.6K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$41.3K $15.00/SF
− Vacancy
−$3.5K −$1.28/SF
EGI
$37.7K $13.73/SF
− OpEx
−$11.3K −$4.12/SF
NOI
$26.4K $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%
$528,420
Cap Rate 7%
$377,443
Cap Rate 9%
$293,567
Alternative Uses
Best Use
Retail
$377.4K
$330.3K – $440.4K
NOI $26,421 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 2.59%
Theoretical Best
Specialty Retail
$617.9K
$540.7K – $720.9K
NOI $43,254 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Balanced
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Trikes by Design — 7147 E England Blvd, Inverness, FL 34452
- Trick Concepts Paint & Body — 7147 E England Blvd, Inverness, FL 34452
- Tony's Collision Center — 3251 S Florida Ave, Inverness, FL 34450
- Countryside Tire & Truck Accessories — 3109 S Florida Ave, Inverness, FL 34450
Frequently Asked Questions
What type of property is this?
Auto shop - The sale combines an operating repair business with its commercial real estate on a general commercial-zoned site.
Where is this auto shop located?
The property is located at 3190 S FLORIDA AVE Inverness, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Operating auto repair business included with the real estate; Approximately 2,750 SF of service garage space; 0.72 acres with approximately 125 feet of frontage on US‑41/S Florida Ave
