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Property profile & analytics
OFF-MARKET
Auto shops

70 Florida Ave Inverness, FL 34453-1609

5,760 SF 2.11 ac lot Built 1963
Individually Owned Free & Clear
Property ID
US18-5315474
Property summary
AI-generated overview

This exceptional 6,000 square foot commercial property in Inverness, Florida, presents a unique investment opportunity. Situated on a 3.13-acre lot, this versatile building boasts five bay doors, ample office space, and high visibility on North Florida Avenue, a road with an annual average daily traffic count of 14,100. The property's zoning allows for a variety of uses, including an auto shop, gas station, or warehouse, making it ideal for entrepreneurs and investors seeking a high-traffic location. The expansive lot offers significant potential for future development. The property's waterfront location adds to its appeal and provides additional opportunities. The building's substantial size and multiple bay doors provide flexibility for various business operations. The existing office space is ready for immediate use, offering a convenient workspace. Buyers are advised to independently verify zoning and usage with Citrus County authorities to ensure compliance with all regulations. The asking price for this exceptional property is $500,000. This is a rare opportunity to acquire a well-located, multi-use commercial property in a thriving Florida community.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,760 SF
Lot 2.11 ac (91,912 SF)
Zoning code GNC GEN COMMERCIAL
APN 20E-19S-06-33230
UPID US18-5315474
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
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
WILLIE JAMES BOOTH
WILLIE JAMES BOOTH
Zoning & alternative use
GNC GEN COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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