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$ 300,000
$ 315,000 4.8%
1,920 SqFt
$ 300,000
$ 315,000 4.8%
1,920 SqFt
Key Details
Sold Price $300,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $156
MLS Listing ID OM715371
Sold Date 04/27/26
HOA Y/N No
Year Built 1967
Annual Tax Amount $1,847
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 95x140
Property Sub-Type Retail
Source Stellar MLS
Property Description
Currently this service/retail space on US Highway 41 (Florida Avenue) in the heart of Citrus County within the Tampa–St. Petersburg–Clearwater MSA. The property features a 1,920 SF CBS building situated on 0.34 acres, zoned General Commercial, with 100 feet of frontage and excellent exposure to 13,700 AADT. The interior features large shop space, Reception, two private offices and so much more and ready for immediate occupancy.
The building was renovated in 2020 and is leased to a regional tenant, providing stable in-place cash flow. The site benefits from strong access and a central location just 2.5 miles south of Downtown Inverness, surrounded by key public and private demand drivers, including Publix, Chipotle, Citrus County Clerk of Courts, Property Appraiser, Tax Collector, and Citrus Memorial Hospital.
Citrus County is experiencing one of the fastest growth trajectories in Florida, with a current population of approximately 153,600 residents projected to exceed 350,000 by 2030, according to the County's Land Development Code. As part of the Tampa–St. Petersburg–Clearwater MSA—the 18th largest metropolitan area in the United States—the region is rapidly evolving into a major population, service, and employment center, driving sustained demand for retail, medical, and commercial services.
The broader market continues to benefit from significant public and private investment. Inverness, Homosassa, and surrounding communities have undergone substantial revitalization, including improvements to Liberty Park, the Depot District, and other catalytic civic assets. Additionally, the $135 million Suncoast Parkway expansion and the planned Phase 3 northern extension, located just north of the subject property, will provide direct one-hour access to Tampa International Airport and major employment hubs. These infrastructure investments are expected to materially enhance regional connectivity, tourism activity, and commercial demand—positioning the property along a rapidly strengthening economic corridor.
Location
State FL
County Citrus
Area 34450 - Inverness
Zoning GNC
Interior
Cooling Central Air
Exterior
Parking Features Common
Roof Type Shingle
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block,Brick
New Construction false
Others
Ownership Corporation
Special Listing Condition None
Bought with Trevor Selden TROPIC SHORES REALTY
Realtor® / Broker Owner | License ID: BK3233641
+1(352) 400-0188 | normanlongfellow@gmail.com