102 Highland Blvd Inverness, FL 34452
- Office buildings
- 2,520 SF
- 0.37 lot acres
Current Use by Public Records
- B&W Rexall Drugs / Pharmacy / Drug Store
- William Snyder / Pharmacy
- Wendy Ortiz / Pharmacy
- Jessica E. Jarvis, PharmD / Pharmacy
Property Details for 102 Highland Blvd
- Year built
- 1994
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.37 lot acres
- Property size
- 2,520 SF
- Zone code
- C COMMERCIAL
- Property type
- Office buildings
- APN
- 20E-19S-17-0050-00910-006.0
- APU
- 20E19S170050009100060
Description
This exceptional 2,520 square foot commercial office building presents a unique investment opportunity in the thriving city of Inverness, Florida. Strategically situated at a prominent four-way intersection within city limits, this stand-alone structure boasts high visibility and accessibility. Constructed of durable concrete block and stucco, the building is conveniently located just three blocks from the HCA Citrus Memorial Hospital complex, ensuring a steady stream of potential clientele. Previously utilized as a pharmacy, the building offers dual entrances from both Highland Boulevard and Apopka Avenue, maximizing exposure and convenience. Significant upgrades have been implemented, including a new roof installed in 2014 and a new air conditioning system in 2013, ensuring efficient and cost-effective operation. All existing cabinetry and office furniture are included in the sale, providing a turnkey solution for a new owner. The 0.37-acre lot offers ample space for parking and potential expansion. In addition to the sale price of $450,000, the property is also available for lease at $16 per square foot, triple net (NNN), with a minimum three-year lease term and renewable options, subject to tenant qualification. This versatile property is ideal for a variety of commercial uses and represents a compelling investment opportunity in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $255,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $260,000
- Mixed-Use
- $255,000
- Hospitality
- $225,000
- Educational
- $245,000
- Residential Income
- $270,000
- Energy
- $250,000
- Income-Based Land
- $205,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.3298
- Latitude
- 28.8325
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA