Bought with Elias G Kirallah • Century 21 J.W.Morton R.E.
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Key Details
Sold Price $285,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Subdivision Not On List
MLS Listing ID 816340
Sold Date 07/01/24
HOA Y/N No
Year Built 1976
Annual Tax Amount $3,768
Tax Year 2022
Lot Size 0.520 Acres
Acres 0.52
Property Description
Two mixed-use commercial buildings are located in the Gulf Coast community of Citrus County in Historic Inverness, Florida. Building A, built in 1976, is a 2,000 SF freestanding concrete block automotive service garage with three grade-level roll-up doors. Building B, built in 1984, is a currently leased 816 SF freestanding frame retail store. On .52 acres of GNC-General Commercial zoned land with 160' frontage on SR 44/Gulf to Lake Hwy (33,600 AADT). The GNC zoning allows for a variety of high-intensity uses, including all retail, automotive, and warehousing, with a maximum lot utilization of 70%. Excellent location just .75 miles east of a major retail cluster (home to Walmart, Lowes, TJ Maxx, OfficeMax, and several QSR/Restaurants and junior retailers). It is centrally located with easy access to Historical Downtown Inverness (3 miles W), Lecanto (10 miles E), and the completed 589 Toll Road (8 miles W), placing this property just 77 miles from Tampa International Airport. Citrus County is a growing community located in the Tampa-St Petersburg MSA, the 18th Largest in the nation. With a population of 155,582 residences and growing annually at a rate of 1.29%, Citrus is the 34th largest county in the State of Florida. Citrus County is large and land barren, with over 60,000 vacant parcels green-lighted for development, plans to expand utilities across the county, and further improving and widening of several cross-connecting highways, including the newly completed extension of the 589-Toll Road to SR-44 with further expansion to CR-486, set to be completed by early 2023.
Location
State FL
County Citrus
Area 08
Zoning GNC
Interior
Interior Features High Ceilings
Cooling Wall/Window Unit(s)
Flooring Concrete
Fireplace No
Exterior
Garage Paved, Parking Space(s)
Waterfront No
Water Access Desc Well
Roof Type Asphalt,Shingle
Present Use Mini Storage,Mixed Use,Warehouse
Total Parking Spaces 25
Building
Lot Description Flat, Multiple lots
Story 1
Entry Level One
Foundation Block
Sewer Septic Tank
Water Well
Level or Stories One
New Construction No
Others
Tax ID 1660467
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Seller Financing
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