Inverness, FL 34450,3066-3072 S FLORIDA AVE
Inverness, FL 34450,3066-3072 S FLORIDA AVE
Inverness, FL 34450,3066-3072 S FLORIDA AVE
Inverness, FL 34450,3066-3072 S FLORIDA AVE
Inverness, FL 34450,3066-3072 S FLORIDA AVE
Inverness, FL 34450,3066-3072 S FLORIDA AVE
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$185,000

$225,000

17.8%
Est.Price: ?

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Est. payment /mo

1,560 SqFt


SOLD DATE : 03/14/2024

Key Details

Sold Price $185,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 1,560 sqft

Price per Sqft $118

Subdivision Inverness Highlands South

MLS Listing ID OM671575

Sold Date 03/14/24

HOA Y/N No

Originating Board Stellar MLS

Year Built 1983

Annual Tax Amount $2,920

Lot Size 0.770 Acres

Acres 0.77

Lot Dimensions 126x270

Property Description

Located just outside the City Limits of Inverness, Florida, in Citrus County, this former drive-thru restaurant fronts US Highway 41 South (16,000 AADT) with 126 feet of frontage and offers street-to-street access to Southerly Avenue. Improvements include a 1,560 square foot CBS (concrete block and stucco) restaurant shell built in 1983, with 20 parking spaces, situated on 0.77 acres (126'x270') of prime GNC Commercial Zoned Property, allowing for a variety of commercial uses, including retail, office, restaurants, sit-down, and drive-thru, among others.

This outstanding location is just a 3-minute drive south of the Historical Courthouse Square and Downtown area, Citrus Memorial Hospital, Citrus County High School, and elementary schools, Citrus County Courthouse, City Hall, Property Appraiser/Tax Collector offices, and the newly built Depot District and Liberty Park. This location provides access to a daily population of 60,000 during peak seasons. Centrally located, this site can be reached in just 6.7 miles from Floral City, 7 miles from Hernando, 10 miles from Lecanto, 12.5 miles from Beverly Hills, and only 18.1 miles from Crystal River. US Highway 41 is a federal highway and a prime logistics route that connects the Upper Peninsula of Michigan to Miami, Florida, and establishes a direct link between Citrus County and the nearest neighboring county of Hernando, just 17 miles away.

Within a 15-minute drive from the subject property, you will find an ideal customer base of 46,361 residents, with an average age of 58 and a median household income of $65,000, growing at a rate of 2.83% annually. Strong market consumer expenditure data reveals that 66% of the residents dine out at restaurants or steakhouses, and an impressive 89% visit fast-food restaurants regularly. Additionally, considering the median age of 58, this demographic presents an attractive target for businesses in the food industry.

Situated in Citrus County, which is presently home to 153,600 residents, the area is projected to experience exponential growth, with an estimated 350,000 residents under Citrus County's Land Development Code by 2030. As part of the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA), ranked as the 18th largest in the U.S., Citrus County stands out as one of the nation's premier real estate markets.

Location

State FL

County Citrus

Community Inverness Highlands South

Zoning GNC

Interior

Heating None

Cooling Central Air, None

Flooring Ceramic Tile

Exterior

Garage Parking Spaces - 19 to 30

Waterfront false

Roof Type Shingle

Parking Type Parking Spaces - 19 to 30

Building

Story 1

Foundation Block, Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Concrete,Stucco

New Construction false

Others

Ownership Corporation

Special Listing Condition None

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Stellar MLS
Listed by CENTURY 21 J.W.MORTON R.E.
Bought with INSIGHT REALTY NETWORK
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