8929 Gulf To Lk Hwy 2 Inverness, FL 34450-5224
This exceptional 4,000 sq ft commercial property in Inverness, Florida, presents a unique investment opportunity. Recently renovated in 2024, the building boasts multiple versatile spaces. Space #1 is a 1,250 sq ft garage with three 10x12' roll-up doors, ideal for automotive or marine repair. Space #2 offers 1,000 sq ft of finished office and residential space, including a bathroom and plumbing/electric for a kitchen on the ground floor, and an additional bathroom and room/office upstairs. Space #3 comprises a 1,750 sq ft warehouse with a ground-level dock door and ramp, high ceilings, and a full paint booth. The property features 3-phase electric power, direct waterfront access to the Inverness chain of lakes with a private boat ramp, and nearly 300 feet of frontage on Highway 44. Situated in a high-visibility, high-traffic area, less than a quarter-mile from the new Preservation Point luxury RV resort, this property is zoned CLC and offers a multitude of potential uses, including automotive and marine repair, professional offices, warehousing, retail, restaurants, bars, or watercraft rentals. The 0.78-acre lot includes a two-story building constructed in 1977. The asking price is $499,000, translating to $124.75 per square foot. This owner/user opportunity is ready for immediate occupancy.
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
CLC COASTAL LAKES COMMERC · 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.