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Property profile & analytics
OFF-MARKET Estimated value $1,505,000
Auto shops

1601 Main St Inverness, FL 34450-2419

12,900 SF 1.84 ac lot Built 1971
Entity Owned 26-yr Hold ~ Est. High Equity
Property ID
US18-4143498
Property summary
AI-generated overview

This exceptional 1.84-acre commercial property in Historic Downtown Inverness, Florida, presents a unique investment opportunity. Strategically located on the southwest corner of SR 44/W Main Street, the property boasts over 200 feet of highway frontage and convenient access from two roads. The existing 12,900 square foot building, constructed in 1971, currently houses an RV sales and repair business (not included in the sale). The facility features a 2,850 square foot sales area and a 10,320 square foot repair garage, equipped with fifteen grade-level receiving doors (10-14 feet wide, six with pull-through capability), 12-16 foot high ceilings, 3 and 4-phase electrical service, and three in-ground hydraulic lifts. The property is connected to city water and sewer. Zoned C-Commercial, this versatile space allows for a wide array of uses, including retail, medical/professional offices, and other general commercial activities. The generous 1.84-acre lot (approximately 200' x 400') offers a 70% floor area ratio, providing significant development potential. This prime location ensures high visibility and accessibility, making it ideal for a variety of commercial ventures.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1971
Construction STEEL FRAME
Total area 12,900 SF
Lot 1.84 ac (80,325 SF)
Zoning code C COMMERCIAL
APN 20E-19S-18-0070-00A.5
UPID US18-4143498
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Como Rv Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.51M
Owner & transaction history
Como Auto Sales & Service INC · 26 yrs held
Como Auto Sales & Service INC
since 1999
6 recorded transactions
2021
Price N/A
2019
Price N/A
2009
Price N/A
2009
Price N/A
1999
$500,000
1969
Price N/A
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $2.2M +35.4%
Commercial (general) $2.2M +34.3%
Retail stores $1.8M +11.4%
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