859 Us Highway 41Inverness, FL 34450

Property Details for 859 Us Highway 41

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 AC

Property size (Sq ft)

1,920 SF

Zone code

GNC GEN COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

20E-19S-21-0020-02010-110.0

APU

20E19S210020020101100

Description

This exceptional opportunity presents a well-established restaurant for sale in Inverness, Florida. The 1,920 square foot building sits on a 0.77-acre lot (two parcels: 0.31 acres with building and parking, plus a contiguous 0.46-acre vacant parcel) and boasts a prime location on US Hwy 41 S, offering over 125 feet of road frontage and exceptional visibility. The property benefits from convenient street-to-street access, extending to Southerly Avenue, and enjoys proximity to a signalized intersection. US Hwy 41 sees an average daily traffic count of 16,200 vehicles (FDOT 2023 data). The building itself is a single-story concrete block structure with two separate public entrances, a main dining room with seating for 50+ (with expansion potential), two public restrooms, an employee office and restroom, a large, efficiently designed kitchen, servers' station, check-out counter, and walk-in refrigeration. The roof was replaced in 2015. Currently operating as a breakfast and lunch establishment, the restaurant has the potential to expand its hours to include dinner service. The permitted zoning is GNC. This turnkey operation is ideal for an aspiring restaurateur or an established brand seeking expansion. An equipment list is available upon request. The asking price is $350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $540,148

  6.5%

  $498,598

  7%

  $462,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $883,637

  Geo Method

  $883,637

• Alternative Use

  Use

  Valuation

  Residential

  $420,586

  Hospitality

  $385,255

  Educational

  $320,528

  Medical

  $331,551

  Retail

  $498,598

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8211

Longitude

-82.318

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].