431 Us Highway 41Inverness, FL 34450

Property Details for 431 Us Highway 41

Year built

1973

Construction

STEEL FRAME

Lot size

0.23 AC

Property size (Sq ft)

2,598 SF

Zone code

C COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

20E-19S-17-0050-00540-001.5

APU

20E19S170050005400015

Description

This exceptional 2,638 sq. ft. commercial property, situated on 0.425 acres of land on Highway 41 in Inverness, presents a unique investment or lease opportunity. The single-tenant building, constructed in 1973, is a sturdy concrete block structure with a durable metal roof. Its versatile layout, previously zoned for restaurant use, offers significant flexibility. The property features three front entrances and four separate power meters, allowing for operation as a single unit or division into four distinct spaces. Benefit from 270 feet of highway frontage, ensuring high visibility and easy access. Ample parking is available in the adjacent lot. The property's location directly across from the popular Rails to Trails path provides consistent foot traffic. Its proximity to downtown Inverness, a rapidly developing area, offers significant growth potential. The open interior allows for customization to suit diverse business needs. This prime location combines high visibility with convenient access and strong pedestrian traffic, making it an attractive option for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $730,882

  6.5%

  $674,660

  7%

  $626,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,195,671

  Geo Method

  $1,195,671

• Alternative Use

  Use

  Valuation

  Residential

  $569,101

  Hospitality

  $521,294

  Educational

  $433,710

  Medical

  $448,626

  Retail

  $674,660

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8289

Longitude

-82.3207

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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