This exceptional 2.08-acre commercial parcel presents a remarkable investment opportunity in the heart of Downtown Inverness, Florida. Located on heavily trafficked State Road 44 (30,000 AADT), this property offers 200 feet of prime highway frontage, ensuring unparalleled visibility and accessibility. The site benefits from convenient street-to-street access, eliminating median curb issues and providing seamless ingress and egress for customers. City water and sewer are readily available, simplifying development plans. Zoned GNC, this versatile property allows for a wide range of uses, including quick-service restaurants, retail establishments, and other commercial ventures. Its strategic location near a new Starbucks and other major retailers, including TJ Maxx and Walmart, further enhances its appeal. The property is situated within a thriving community experiencing significant growth (1.29% annual growth rate), and its proximity to Downtown Inverness, Lecanto, Hernando, and Crystal River adds to its desirability. This is a rare opportunity to acquire a highly visible and accessible commercial lot in a rapidly expanding market. The property's size, location, and zoning make it ideal for developers seeking a prime location for a variety of commercial uses. The existing infrastructure and convenient access to major roadways make this a truly exceptional opportunity. The property's location within the Tampa-St. Petersburg Metropolitan Statistical Area further enhances its investment potential. This is a unique chance to capitalize on the growth and development occurring in Citrus County, Florida.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,151,020
Hospitality
$1,970,323
Educational
$1,639,286
Medical
$1,695,663
Retail
$2,550,000
Location Insight
City
Inverness
County
Citrus
State
Florida
Latitude
28.839
Longitude
-82.3563
CBSA code
26140
CBSA name
HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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