7300 Turner Camp RdInverness, FL 34453

Property Details for 7300 Turner Camp Rd

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

2,400 SF

Zone code

CLR COASTAL LAKES & RVRS

Property type

Grocery and convenience stores

APN

20E-18S-33-31000-004.0

APU

20E18S33310000040

Description

This exceptional commercial property, located at 7300 E Turner Camp Road, Inverness, FL 34453, presents a unique investment opportunity. The 2,400 square foot retail building sits on a spacious 43,612 square foot lot and is currently operational. A key advantage is its strategic location near Highway 41 southbound, providing easy access to Inverness and other nearby cities like Hernando and Dunnellon. The property benefits from its proximity to the Wyld Palms subdivision, ensuring a consistent customer base. The building features a recently installed metal roof (February 2024), upgraded cooler compressors and interior units (2 years ago), and a 5-ton AC unit (installed 5 years ago). All coolers and freezers are seller-owned, except for the Red Bull cooler, which is vendor-supplied. Note that a second, closed convenience store at 6011 E Turner Camp Road was previously purchased by the seller to eliminate competition. This presents a potential for expansion or additional revenue streams. This property is ideal for an investor seeking a profitable retail venture in a rapidly growing area. The asking price is $875,000.

• CAP approach

  CAP return

  Valuation

  6%

  $675,167

  6.5%

  $623,231

  7%

  $578,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,104,546

  Geo Method

  $1,104,546

• Alternative Use

  Use

  Valuation

  Residential

  $525,719

  Hospitality

  $481,556

  Educational

  $400,649

  Medical

  $414,428

  Retail

  $623,231

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8789

Longitude

-82.3123

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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