For Sale
$465,000

3238 Florida AveInverness, FL 34450

Multi-tenant retail, strong cash flow

Overview

Added:
Dec 11, 2024
Days on market:
115
This prime Inverness, FL commercial property offers a compelling investment opportunity. Located on a corner lot (0.5 acres) at 3238 S Florida Ave, this property boasts 5,100 net rentable square feet across two buildings, built in 1960. The main retail building, approximately 2,500 square feet, features multiple tenants under a modified lease structure with a remaining term of 3 years. A secondary building provides 2,600 square feet of storage space, divided into 5 currently rented units. The property enjoys 100% occupancy, generating a 4.56% cap rate with an asking price of $465,000. Benefiting from its location near the Inverness Airport expansion and a four-lane US Hwy 41 access point, this property presents significant potential for future growth and development. The property is zoned GNC and includes ample parking. This is a rare opportunity to acquire a multi-tenant retail center with immediate cash flow and long-term growth potential. Showings are by appointment only.

Highlights

  • Prime Inverness, FL commercial property, 0.5-acre corner lot at 3238 S Florida Ave.
  • 5,100 net rentable square feet in two buildings (built 1960): 2,500 sq ft main retail building (multiple tenants, modified leases, 3 years remaining) and 2,600 sq ft secondary storage building (5 rented units).
  • 100% occupancy, 4.56% cap rate, $465,000 asking price.
  • Excellent location near Inverness Airport expansion and US Hwy 41; GNC zoning; ample parking.

Property Details for 3238 Florida Ave

Property type
Retail properties, Retail space
Square Feet
5,000 SF
Year Built
1960
Buildings
2
Stories
1
Lot Size (sq. ft)
21,780 SF
Units
6

Location Insight

City
Inverness
County
Citrus
State
Florida
Latitude
28.8142267
Longitude
-82.3149404
3238 Florida Ave, Inverness, Florida

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3238 Florida Ave
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