2303 Highway 44Inverness, FL 34453

Property Details for 2303 Highway 44

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.71 AC

Property size (Sq ft)

1,568 SF

Zone code

C COMMERCIAL

Property type

Office buildings

APN

19E-19S-13-0030-00130-001.0

APU

19E19S130030001300010

Description

This exceptional commercial property in Inverness, Florida, presents a unique investment opportunity. Situated on 2.9 acres with significant frontage (approximately 80 feet) on the busy Highway 44/Gulf to Lake Highway, this property boasts high visibility and accessibility. The existing 1,854 square foot office building, constructed in 1985 of concrete block, offers a functional layout ideal for a variety of uses. The interior includes a lobby/waiting room, conference space, kitchen area, reception area, three additional offices, and two bathrooms (one ADA accessible). Convenient ramps provide accessibility from the parking lot and into the building. The property benefits from public water and sewer services. The HVAC system was recently updated in 2021. The zoning is mixed: a portion (approximately 0.36 acres) is zoned C-Commercial (Inverness), allowing for a wide range of uses including retail, medical/professional offices, service businesses, restaurants, and bars

• CAP approach

  CAP return

  Valuation

  6%

  $294,666

  6.5%

  $271,999

  7%

  $252,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $286,364

  Geo Method

  $286,364

• Alternative Use

  Use

  Valuation

  Residential

  $337,279

  Hospitality

  $308,946

  Educational

  $257,039

  Medical

  $265,879

  Retail

  $399,839

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8398

Longitude

-82.36

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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