Remarks

SIZE DOES MATTER in development. This 1.85-acre site, zoned General Commercial and fronting S Florida Avenue/Hwy 41 S (11,200 AADT) with over 383’ of frontage, is located in the booming Historic Nature Coast town of Inverness in Citrus County, Florida. Current zoning offers an expansive array of opportunities with allowable uses such as retail/general commercial, professional/medical offices, gas stations/C-stores, restaurants, bars, and much more. Located just outside the city limits of Inverness and within unincorporated Citrus County, owners will benefit from lower taxes and close proximity to Historic Downtown Inverness. To the east of the property line, you will find the Rails to Trails, with over 46 miles of trails—one of the longest paved rail-trails in Florida—attracting a significant number of eco-tourists and outdoor cycling enthusiasts. The City of Inverness has recently invested heavily in improving the beautification of our small town, including the newly constructed lakefront parks: Liberty, Wallace Brooks, and the Depot District. With the recent $135 million expansion of the Suncoast Parkway and future extensions, Citrus County is poised for historic growth within the Tampa MSA. Just a 15-minute drive from the property, an ideal customer base of 46,361 residents with an average age of 58 and a median household income of $65,000 awaits. Strong market consumer expenditures reveal that 66% of residents dine out at restaurants/steakhouses and 89% frequent fast-food restaurants. Moreover, given the median age of 58, the area population has spent over $106 million on healthcare services.

Details

MLS#: 810809
Price: $650,000

Style: Retail
Year Built: 1970

County: Citrus
Subdivision: Not On List
Tax Fee: 2585