UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,090 sqft
Price per Sqft $150
MLS Listing ID OM715375
Construction Status Completed
HOA Y/N No
Year Built 1973
Annual Tax Amount $2,430
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 85x140
Property Sub-Type Retail
Source Stellar MLS
New Construction false
Property Description
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 Parking Spaces - 6 to 12, 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
Construction Status Completed
Others
Ownership Corporation
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM715375
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