625 Us Highway 41Inverness, FL 34450

Property Details for 625 Us Highway 41

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.01 AC

Property size (Sq ft)

1,696 SF

Zone code

C COMMERCIAL

Property type

Office buildings

APN

20E-19S-21-44310-003.0

APU

20E19S21443100030

Description

This exceptional commercial property, located at 625 S US Highway 41 in Inverness, Florida, presents a unique investment opportunity. Boasting 3,281 square feet of office space, this building enjoys a prime location with over 100 feet of frontage on Highway 41, a major thoroughfare with over 16,000 cars passing daily, ensuring excellent visibility. The property includes a substantial 24' x 36' air-conditioned steel building, previously used as a bar, offering versatile potential. An additional storage unit may also be included in the sale. The 1.01-acre lot provides ample parking and backs up to a trailhead, opening up further possibilities. The main office building is currently undergoing installation of new luxury vinyl plank flooring. Its adaptable layout is suitable for various uses, including general office space, small businesses, or even a spa or salon with individual rooms for lease. Road signage and large picture windows provide excellent opportunities for branding and advertising. The property is being sold "as-is," and potential buyers are responsible for verifying intended use with the city or county. The sale includes only the real estate

• CAP approach

  CAP return

  Valuation

  6%

  $324,578

  6.5%

  $299,610

  7%

  $278,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $309,740

  Geo Method

  $309,740

• Alternative Use

  Use

  Valuation

  Residential

  $371,517

  Hospitality

  $340,307

  Educational

  $283,132

  Medical

  $292,869

  Retail

  $440,427

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8252

Longitude

-82.3186

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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