95 S Golf Harbor PATH, Inverness, FL 34450 | For Sale

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For Sale $750,000 ($304.88 per Sq Ft)

$750,000 ($304.88 per Sq Ft)
  • (0)
  • Units
  • 2,460 Sq Ft
  • 1,308,961 Sq Ft
  • Unknown Cap Rate

Description

Offering a prime investment opportunity is a fully operational executive golf course on 30 acres ready for redevelopment in Central, Florida. Located less than 5 miles from the interstate and other major arterial highways the subject property is easily accessible for commuting workforce for a mixed use residential development and also continuing the current golf course operation which has recently received updates. With a complete overhaul of the clubhouse, including the kitchen, dining room, bathrooms, office, party room, and outdoor patio space, has been undertaken from the interior and exterior components such as drywall, insulation, and studs. Additionally, new HVAC units were installed in May 2023. The primary land use of PDR allows for single-family residential, recreational, and some limited commercial/industrial use (with approval of Nursing Homes, Assisted Living Facilities, Veterinarian offices/hospitals, grocery stores, mini warehouses and boat/RV storage). Current demand suggests the highest and best use of the subject property for Multi-Family/Apartments. Desirable zoning with approval by Citrus County would include MDR (Medium Density Residential) allowing up to 8 units per acre with lot coverage percentages of 40% for Single-family detached dwellings, 50% for Single-family attached dwellings, Apartments 60%. ), HDR (High-Density Residential allowing up to 20 units per acre with a lot coverage percentage of 55% ). The opportunity has the potential to develop between 144 and 330 units of apartments.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $750,000
Property Type Flex Space
Usable Sqft 2,460
Number of Stories 1 stories
Parking Spots 0 spots
Year Built 1987
Last Sold Unknown
Sold Price Unknown
APN # 20E19S0200002A000
MLS # OM677505
Property ID 298292875
Lot Sqft 1,308,961
Zoning PDR
Days on Market 204
Original List Price $1,100,000
Date Updated November 05, 2024
Date Created May 07, 2024

Financials not available online. Please inquire with your agent for more details.

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Listing Provided By

Elias Kirallah an agent of . Lic #3123414


© 2024 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of November 05, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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