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Property profile & analytics
FOR SALE
Warehouses

2050 Highway 44 W Inverness, FL 34453

10,000 SF 2.08 ac lot Built 1976
Entity Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US18-2889723
Property summary
AI-generated overview

This exceptional 2.08-acre commercial parcel presents a remarkable investment opportunity in the heart of Downtown Inverness, Florida. Located on heavily trafficked State Road 44 (30,000 AADT), this property offers 200 feet of prime highway frontage, ensuring unparalleled visibility and accessibility. The site benefits from convenient street-to-street access, eliminating median curb issues and providing seamless ingress and egress for customers. City water and sewer are readily available, simplifying development plans. Zoned GNC, this versatile property allows for a wide range of uses, including quick-service restaurants, retail establishments, and other commercial ventures. Its strategic location near a new Starbucks and other major retailers, including TJ Maxx and Walmart, further enhances its appeal. The property is situated within a thriving community experiencing significant growth (1.29% annual growth rate), and its proximity to Downtown Inverness, Lecanto, Hernando, and Crystal River adds to its desirability. This is a rare opportunity to acquire a highly visible and accessible commercial lot in a rapidly expanding market. The property's size, location, and zoning make it ideal for developers seeking a prime location for a variety of commercial uses. The existing infrastructure and convenient access to major roadways make this a truly exceptional opportunity. The property's location within the Tampa-St. Petersburg Metropolitan Statistical Area further enhances its investment potential. This is a unique chance to capitalize on the growth and development occurring in Citrus County, Florida.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1976
Construction STEEL FRAME
Total area 10,000 SF
Lot 2.08 ac (90,474 SF)
Zoning code C COMMERCIAL
APN 19E-19S-13-0020-036.2
UPID US18-2889723
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
  • Don Poss Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.31M
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.20M
Owner & transaction history
Poss Properties LLC · 17 yrs held
Poss Properties LLC
since 2008
2 recorded transactions
2008
$324,700
2003
$500,000
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.8M +96.7%
Commercial (general) $1.7M +83.9%
Retail stores $1.4M +52.7%
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