Bought with Dan Dempsey • Insight Realty Network Powere
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Key Details
Sold Price $185,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Not On List
MLS Listing ID 830473
Sold Date 03/14/24
HOA Y/N No
Year Built 1983
Annual Tax Amount $2,920
Tax Year 2023
Lot Size 0.620 Acres
Acres 0.62
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 people 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 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.
Location
State FL
County Citrus
Area 06
Zoning GNC
Interior
Heating None
Cooling None
Flooring Ceramic Tile
Fireplace No
Exterior
Garage Paved, Parking Lot, Private, Parking Space(s)
Pool None
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Shingle
Present Use Restaurant
Total Parking Spaces 20
Building
Lot Description Flat, Multiple lots, Trees
Faces North
Story 1
Entry Level One
Foundation Block, Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Tax ID 1764602
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Edward Peterson
Team Leader / Realtor/ Listing Specialist | License ID: SL3463440
Team Leader / Realtor/ Listing Specialist License ID: SL3463440