2509 Frst Dr Inverness, FL 34453-3741
This exceptional 1.33-acre commercial/industrial land parcel in Inverness, Florida, presents a remarkable investment opportunity. Located on Forest Drive, with 223 feet of road frontage directly connecting to the heavily trafficked SR 44 (over 29,560 AADT), this property offers unparalleled accessibility. Zoned RO (Residential Office), it's ideally situated within the city limits of Inverness, near key landmarks such as Citrus Memorial Hospital, the County Courthouse, and City Hall. A robust national retail presence, including Walmart, Lowe's, and TJ Maxx, is within a two-mile radius, catering to a substantial consumer base. The area boasts a median household income of $65,000 within a 15-minute drive, with significant annual healthcare expenditures exceeding $106 million. Future water and sewer connections are anticipated by the end of 2025. This fully cleared lot benefits from the recent $135 million expansion of the Suncoast Parkway and its future extensions, positioning Citrus County for significant growth within the Tampa MSA. The property's strategic location near thriving communities like Floral City, Lecanto, Beverly Hills, Crystal River, and Homosassa, coupled with Citrus County's projected population increase to 350,000 by 2030, underscores its immense development potential. The APN is 19E-19S-13-0030-00040-0030. The asking price is $225,000. This is a co-op ownership.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RO RESIDENT/OFFICE · Inverness, FLInverness. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.