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    FOR SALE
    Auto shops

    3109 S Florida Ave, Inverness, FL 34450

    1,920 SF 1.06 ac lot Built 1970
    Individually Owned 6-yr Hold Free & Clear
    Property ID
    US18-1855684
    Property summary
    AI-generated overview

    This exceptional 1.85-acre commercial property, located at 3109 S Florida Avenue in Inverness, Florida, presents a compelling investment opportunity. Boasting over 383 feet of frontage on S Florida Avenue/Hwy 41 S (11,200 AADT), this General Commercial zoned land offers a wide range of development possibilities. Permitted uses include retail, general commercial, professional/medical offices, gas stations/convenience stores, restaurants, and bars. Situated just outside Inverness city limits in unincorporated Citrus County, the property benefits from lower taxes while maintaining close proximity to the historic downtown area. The property's eastern border adjoins the Rails to Trails, a 46-mile paved trail system attracting numerous tourists and cyclists. Inverness has recently invested significantly in beautification projects, including new lakefront parks. The recent $135 million expansion of the Suncoast Parkway and future extensions position Citrus County for substantial growth within the Tampa MSA. A strong customer base exists just 15 minutes away, comprising 46,361 residents with a median age of 58 and a median household income of $65,000. Market data indicates high consumer spending on dining and healthcare, with 66% dining out at restaurants/steakhouses and 89% frequenting fast-food establishments. The area's population has spent over $106 million on healthcare services. The 1,920 square foot building offers significant potential for redevelopment or expansion. This property is priced at $650,000.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1970
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,920 SF
    Lot 1.06 ac (46,130 SF)
    Zoning code GNC GEN COMMERCIAL
    APN 20E-19S-21-32420
    UPID US18-1855684
    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
    • Countryside Tire & Truck Accessories (Bike/Boat/Book/etc) Store Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Countryside Tire & Truck Acces · 6 yrs held
    Countryside Tire & Truck Acces
    since 2019
    5 recorded transactions
    2024
    2023
    2019
    2019
    $100
    1969
    Zoning & alternative use
    GNC GEN COMMERCIAL · Inverness, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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