3109 S Florida Ave Inverness, FL 34450
Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Inverness market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GNC GEN COMMERCIAL · Inverness, FLZoning
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Zoning designation
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