21 Croft AveInverness, FL 34453

Property Details for 21 Croft Ave

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.45 AC

Property size (Sq ft)

1,475 SF

Zone code

MDR MED DENSITY RESIDENT

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

19E-19S-02-0020-00290-075.0

APU

19E19S020020002900750

Description

This exceptional 1,523-square-foot office building in Inverness, Florida, presents a rare investment opportunity. Located at 21 S Croft Ave, on a highly trafficked corner lot (.45 acres) with 160 feet of road frontage, this single-story, 1965-built structure boasts excellent visibility. Currently configured as a hair salon, the building includes a handicap-accessible ramp and restroom, a kitchen, and a separate break room/office area. Ample parking is available. The property's strategic location offers easy access to major roadways, including FL-44 (Gulf to Lake Hwy), and is within close proximity to shopping, dining, and essential services such as Bealls, TJ Maxx, and Regal Citrus Cinema. The property is served by septic and public water. The permitted zoning is MDR. This turnkey operation offers immediate potential for various business uses. An adjacent lot (.22 acres at 27 N Croft Ave) may also be available for purchase separately. The asking price is $334,900. This is a fantastic opportunity to own a well-located, established business property in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $277,180

  6.5%

  $255,858

  7%

  $237,583

• Comparable approach

  Method

  Valuation

  Relative Method

  $269,379

  Geo Method

  $269,379

• Alternative Use

  Use

  Valuation

  Residential

  $317,264

  Hospitality

  $290,612

  Educational

  $241,786

  Medical

  $250,101

  Retail

  $376,112

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.859

Longitude

-82.3858

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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