For Sale
$650,000

3109 Florida AveInverness, FL 34450

1.85-Acre Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This 1.85-acre vacant lot in Inverness, Florida, offers significant redevelopment potential. The property features 1,920 square feet of existing building space, currently vacant, and is zoned General Commercial (GNC), allowing for diverse uses including retail, offices, restaurants, and more. Located on S Florida Ave/Hwy 41 S, it boasts over 383 feet of prime road frontage with a high traffic count of 11,200 AADT. Its strategic location in the growing Historic Nature Coast Town of Inverness provides easy access to a substantial customer base of 46,361 residents within a 15-minute radius, with a median household income of $65,000. The area benefits from recent infrastructure improvements, including a $135 million Suncoast Parkway expansion and the enhancement of Inverness's lakefront parks. Citrus County is experiencing significant growth, projected to reach 350,000 residents by 2030, making this property an exceptional investment opportunity. The property is a fee simple ownership with one building, built in 1970, and sits on a single story. The asking price is $650,000. The property's proximity to the Rails to Trails, and its access to several flourishing nearby communities, further enhances its appeal. This location offers a unique blend of lower taxes outside city limits while enjoying close proximity to the vibrant downtown area. The property's versatile zoning and prime location make it ideal for capitalizing on the region's economic growth and expanding population. The parcel number is 2801492.

Highlights

  • $650,000 asking price for a vacant, 1,920 square foot auto shop.
  • 1.85-acre lot with 383 feet of road frontage on S Florida Ave/Hwy 41 S in Inverness, FL. General Commercial (GNC) zoning allows for various uses including retail, offices, restaurants, and more.
  • Located near the Rails to Trails and recently improved Inverness parks, offering access to a large customer base in a growing area.
  • Strong consumer spending in the area, fueled by recent infrastructure improvements (Suncoast Parkway expansion) and population growth projections. Proximity to several nearby communities.
  • Excellent location within the Tampa-St. Petersburg-Clearwater MSA, benefiting from regional economic activity and growth. Detailed road access information provided.
  • Significant population growth projected for Citrus County, supported by ongoing residential and commercial development projects.

Property Details for 3109 Florida Ave

Property type
Retail properties, Auto shops
Square Feet
1,920 SF
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
80,586 SF
Units
1

Location Insight

City
Inverness
County
Citrus
State
Florida
Latitude
28.8165366
Longitude
-82.3149828
3109 Florida Ave, Inverness, Florida

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3109 Florida Ave
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