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Property profile & analytics
OFF-MARKET
Office buildings

2519 Hwy 44th W Inverness, FL 34453-3722

3,200 SF 0.46 ac lot Built 1985
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US18-4319505
Property summary
AI-generated overview

This 3,200-square-foot office building in Inverness, Florida, presents a compelling investment opportunity. Located at 2519 Hwy 44 W, this single-story, Class C building sits on a 0.46-acre lot and is zoned C. Constructed in 1985, the property boasts significant upgrades, including a new metal roof (2015), a complete AC replacement (2018), and an interior remodel (2007). Currently vacant and offering a "vanilla shell" finish, the space provides exceptional flexibility for customization to suit diverse business needs. The building offers 35 parking spaces, including two handicap-accessible spots. Its prime location within Inverness city limits offers easy access to key amenities, including Historic Downtown Inverness (approximately 2.2 miles away), home to the Citrus County Tax Collector, Courthouse, City Hall, and Citrus Memorial Hospital. The property's strategic location benefits from excellent road infrastructure, including proximity to County Roads 486 and 491, US Route 19, and the recently expanded Suncoast Parkway, enhancing accessibility and connectivity. This presents a unique chance to acquire a well-maintained, adaptable office space in a rapidly growing area of Citrus County, Florida, with a population currently estimated at 155,582 and experiencing a growth rate of 1.29% annually. The asking price is $650,000, translating to $203.12 per square foot. The property's APN is 19E19S130030 00110 0120.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,200 SF
Lot 0.46 ac (20,000 SF)
Zoning code C COMMERCIAL
APN 19E-19S-13-0030-00110-012.0
UPID US18-4319505
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
  • Overall Supply Inc Department Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Philip King · 5 yrs held
Philip King
since 2021
Last sale
$290,000
7 recorded transactions
2021
$290,000
2021
Price N/A
2015
Price N/A
2014
Price N/A
2010
Price N/A
2004
Price N/A
1997
$200,000
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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