For Sale
$2,399,000

1601 Main StInverness, FL 34450

1.84-acre prime commercial redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1.84-acre commercial property, located at 1601 W Main St, Inverness, FL 34450, presents a significant redevelopment opportunity. Situated on the southwest corner of SR 44/W Main Street in historic downtown Inverness, this C-zoned lot boasts over 200 feet of highway frontage, providing excellent visibility and accessibility with 30,500 AADT. The existing 12,900 square foot building, constructed in 1971, currently houses a thriving business (not included in sale) and features 15 grade-level receiving doors (six pull-through), 12-16 foot ceilings, 3 and 4 phase electrical supply, and three in-ground hydraulic lifts. The property offers a 70% FAR lot coverage, allowing for diverse commercial uses, including retail, medical/professional offices, and other general neighborhood commercial activities. This prime location within Citrus County's retail hub is surrounded by major national retailers like Publix, Walmart, and Lowe's, and is minutes from the courthouse, city hall, and Citrus Memorial Hospital. The area is experiencing significant growth, with Citrus County's population projected to reach 350,000 by 2030. This property offers unparalleled access to a thriving market with a strong consumer base and is conveniently located near Floral City, Lecanto, Beverly Hills, Crystal River, and Homosassa. The asking price is $2,399,000 ($185.97/sq ft). This is a fee simple ownership opportunity with city water and sewer connections. The property's strategic location, combined with the area's projected growth, makes this an exceptional investment for commercial development. The property is connected to city water and sewer. The APN is 20E19S180070 00A5.

Highlights

  • $2,399,000 asking price for 1.84 acres of commercial land in Inverness, Florida.
  • 12,900 square feet of building space, with 12,900 square feet of net rentable area.
  • Property is zoned C-Commercial, offering a 70% Floor Area Ratio (FAR).
  • Located on a prime corner lot with over 200 feet of frontage on SR 44/W Main Street, providing high visibility and accessibility.
  • Situated in a high-traffic retail hub, surrounded by major national retailers and near key facilities like the Citrus County Courthouse and Citrus Memorial Hospital.
  • Benefits from significant projected population growth in Citrus County, part of the Tampa-St. Petersburg-Clearwater MSA.

Property Details for 1601 Main St

Property type
Land, Industrial properties
Square Feet
12,900 SF
Class
C
Year Built
1971
Buildings
1
Stories
1
Lot Size (sq. ft)
80,150 SF
Units
1

Location Insight

City
Inverness
County
Citrus
State
Florida
Latitude
28.835354456249
Longitude
-82.348855977354
1601 Main St, Inverness, Florida

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1601 Main St
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