• 1 Units
• 2,090 Sq Ft
• 11,667 Sq Ft
• Unknown Cap Rate

Description

Fully occupied, income-producing commercial asset located along US Highway 41 (Florida Avenue) in the heart of Citrus County within the Tampa–St. Petersburg–Clearwater MSA. The property features a 2,090 SF CBS building situated on 0.27 acres, zoned General Commercial, with 87 feet of frontage and excellent exposure to 13,700 AADT.

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.