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    2525 Hugo St Inverness, FL 34452

    For Sale
    Contact for pricing

    Prime 0.23-acre lot, ideal for mixed-use.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 10,125 square foot lot presents a unique investment opportunity in the desirable Inverness Village Unit 3, Citrus County, Florida. Zoned for both commercial and residential development, this versatile property offers significant potential for a variety of uses. Its convenient location provides easy access to essential amenities, including a Publix supermarket just 1.9 miles (approximately 6 minutes) away and Citrus High School a short 2.4-mile (approximately 7-minute) drive. The property is easily accessible from US41-S/N. Detailed driving directions are available: From Florida Avenue, proceed east on N. Independence Highway for 2.4 miles, then turn left onto FL-44-E for 0.1 mile. Turn right onto Kim Avenue for 0.1 mile, continue onto Webhill Avenue for 0.2 miles, and finally turn left onto Hugo Street. The lot is situated on the right-hand side. The owner possesses multiple adjacent lots and is open to discussing bulk sale options for interested parties. This presents a rare chance to acquire a strategically located parcel in a growing area of Citrus County. The asking price for this exceptional property is $25,000.

    Property Features for 2525 Hugo St

    General Information

    Property type
    Land

    HighLights

    • $25,000 asking price.
    • 10,125 square foot lot.
    • Located at 2525 Hugo Street, Inverness, FL 34452.
    • Commercial and residential zoning.
    • 0.23‑acre lot in Inverness Village Unit 3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.364025
    Latitude
    28.838936

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    FAQs

    What type of property is this?
    Land - Prime 0.23-acre lot, ideal for mixed-use.
    Where is this land located?
    The property is located at 2525 Hugo St Inverness, FL.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: $25,000 asking price.; 10,125 square foot lot.; Located at 2525 Hugo Street, Inverness, FL 34452.
    Request Owner's contact information
    2525 Hugo St Inverness, FL 34452
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    Inverness, FL 34452
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2525 Hugo St Inverness, FL 34452
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