401 Tompkins StInverness, FL 34450

Property Details for 401 Tompkins St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

1,600 SF

Zone code

C COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

20E-19S-17-0010-00020-015.0

APU

20E19S170010000200150

Description

This exceptional 1,600 square foot retail property presents a remarkable investment opportunity in the heart of historic Inverness, Florida. Situated on a prominent 0.34-acre corner lot, this property boasts unparalleled visibility and accessibility, ensuring high traffic and customer convenience. Its prime location within the city limits offers significant advantages for a diverse range of businesses. Ample parking is readily available, guaranteeing ease of access for patrons. The property's strategic location places it in close proximity to key community landmarks, including Citrus Memorial Hospital, Citrus High School, Inverness City Hall, and the Citrus County Courthouse, further enhancing its appeal and potential for success. This established commercial space is ready for immediate occupancy and offers a unique chance to establish or relocate your business in a thriving and historic community. The property's size and location make it suitable for a variety of retail uses, providing a strong foundation for growth and profitability. The 0.34-acre lot provides ample space for expansion or outdoor amenities, adding further value to this already exceptional offering. Don't miss this chance to own a piece of Inverness history and capitalize on this prime commercial real estate opportunity. The property is priced at $425,000.

• CAP approach

  CAP return

  Valuation

  6%

  $450,110

  6.5%

  $415,486

  7%

  $385,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $736,364

  Geo Method

  $736,364

• Alternative Use

  Use

  Valuation

  Residential

  $350,478

  Hospitality

  $321,036

  Educational

  $267,098

  Medical

  $276,284

  Retail

  $415,486

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8367

Longitude

-82.3342

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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