Property History
Own a Piece of History in the Heart of Inverness!
401 Tompkins Street, Inverness, FL 34450
Virtual Tour Link:
https://mls.ricoh360.com/2243253f-e668-4baf-8d3a-8716ad922061
(Disclaimer - All in person showings require proof of ability to purchase.)
Not just another commercial property, this historic treasure stands as a testament to the rich past of Historic Downtown Inverness. Welcome to the R.O. Hicks House, one of the oldest remaining landmarked homes, beautifully preserved since the early 1900s. More than just a structure, this property is a living time capsule, echoing the stories of generations past while waiting for its next visionary owner to shape its future. Nestled in the heart of Florida’s Nature Coast, this boutique gem radiates timeless charm and elegance, offering a blank canvas for an inspired transformation.
Spanning 1,600 square feet, the frame-constructed building boasts high ceilings, a grand gathering space, a full kitchen, two restrooms, and original hardwood floors that whisper of craftsmanship from another era. Adding to its versatility, a 350-square-foot converted garage now serves as a private office, presenting an income-generating opportunity or an exclusive creative workspace.
Positioned on an expansive .34-acre corner lot, this property enjoys unparalleled visibility and accessibility. With a rare 17+ on-site parking spaces with Handicap, it effortlessly accommodates businesses of all types. Its prime location along W Main Street/SR 44, a bustling corridor with a daily traffic count exceeding 40,000 vehicles, ensures a steady stream of potential customers and clients. The property also benefits from multiple access points via Tompkins Street and N Osceola Avenue, enhancing convenience for visitors.
This historic property is more than just a destination; it is at the very heart of the Inverness community. Within walking distance, you’ll find quaint shops, inviting restaurants, Historic Courthouse Square, Citrus Memorial Hospital, the Citrus County Courthouse, City Hall, and government offices. Adding to its appeal, it sits near the Depot District and Liberty Park, with direct connections to the famed Withlacoochee State Trail, a magnet for eco-tourists and adventurers from around the world. With a seasonal daily population of 70,000 people, the opportunities for growth and success are limitless.
Whether you dream of creating a boutique retail haven, an artisan studio, a charming tea house, a cozy bakery, or a dynamic live-work space, this property invites endless possibilities. The welcoming local zoning laws encourage creative and entrepreneurial ventures, making this a once-in-a-lifetime opportunity to breathe new life into a historic landmark.
Beyond its charm, this property is situated in one of the fastest-growing areas in Florida’s Nature Coast. As part of Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA)—the 18th largest metro area in the United States—Citrus County is experiencing a population surge, projected to soar from 153,600 to 350,000 residents by 2030. This rapid expansion is fueling demand for both residential and commercial infrastructure, positioning well-located properties like this as prime investments. The recent $135 million expansion of the Suncoast Parkway has further enhanced the area’s connectivity, establishing Citrus County as a vital gateway to the Tampa Bay region.
Step into a piece of history, embrace the vibrancy of Downtown Inverness, and bring your vision to life in a location that seamlessly blends heritage, charm, and opportunity. This is more than a property—it’s a legacy waiting to be continued.
Prime Location for Maximum Visibility & Growth
Situated on a .34-acre corner lot in the heart of the city, this iconic property boasts exceptional visibility along W Main Street/SR 44, a major corridor with a daily traffic count exceeding 40,000 vehicles. With multiple access points via Tompkins Street and N Osceola Avenue, customers, clients, and visitors will enjoy seamless entry and exit. 17+ on-site parking spaces with Handicap—a rarity in downtown—ensure convenience and accessibility, making it an ideal destination for any business venture.
This multi-use space offers 1,600 square feet of flexible interior space, featuring:
A Grand Main Room – Perfect for boutique retail, an artisan workshop, a tea house, or a cozy café.
Full Kitchen – Ideal for a bakery, bistro, or catering business.
Two Restrooms – Essential for customer convenience and business operations.
Original Hardwood Floors & High Ceilings – Enhancing the historic character and appeal.
350 SF Detached Garage Converted into a Private Office – A separate workspace or rental unit for additional income potential.
Surrounded by a Thriving Business & Tourism Hub
This property sits at the heart of Inverness’s economic and cultural scene, surrounded by:
Shops, restaurants, and boutique stores that drive foot traffic year-round.
Citrus Memorial Hospital, the Citrus County Courthouse, City Hall, and other government offices, making it an ideal location for professional offices, law firms, or medical services.
Depot District and Liberty Park, which provide a direct connection to the Withlacoochee State Trail, a major draw for eco-tourists, cyclists, and outdoor enthusiasts from across the world.
A seasonal daily population of over 70,000 visitors, ensuring a steady flow of potential customers.
Endless Business Possibilities in a Zoning-Friendly Environment
The flexible zoning regulations in Downtown Inverness encourage creative and small business ventures, making this property the perfect space for an entrepreneur, investor, or business owner. Whether you envision:
A charming boutique or specialty retail shop
An artisan studio or gallery showcasing local crafts
A tea house, café, or bakery in a cozy historic setting
A law firm, consulting agency, or professional office in a prestigious location
A live-work space that blends business with personal comfort
Neighboring Cities & Growing Communities
Strategically positioned in the heart of Citrus County, Inverness is surrounded by fast-growing communities and vibrant neighboring cities, including:
Lecanto – A rapidly expanding commercial and residential area with new developments.
Hernando – Home to beautiful lakeside properties and a growing population.
Crystal River – A world-renowned eco-tourism hotspot, famous for its manatee sightings, waterfront dining, and nature preserves.
Floral City – A charming, historic town with a strong sense of community and scenic beauty.
Beverly Hills & Pine Ridge – Up-and-coming residential areas with increasing demand for businesses and services.
Dunnellon – Known for the Rainbow River and outdoor recreation, drawing tourists and adventure-seekers year-round.
Homosassa & Sugarmill Woods – Booming residential areas with nature preserves, coastal access, and a rising demand for commercial expansion.
Brooksville – A historic town with a mix of modern amenities and small-town charm, just a short drive away.
Top Employment Categories Ranked From Highest to Lowest.
Management, business, science, and arts occupations
Educational services, and health care and social assistance
Retail Trade
Arts, entertainment, and recreation, and accommodation and food services
Professional, scientific, and management, and administrative, and waste management services
Construction
Other services, except public administration
Housing Occupancy Ratio: 4:1 Predicted to be 6:1 by 2028.
Renter to Homeowner Ratio: 1:6 Predicted to be 1:5 by 2028.
Citrus County: A Market Poised for Growth
Citrus County, currently home to 153,600 residents, is on track for exponential growth, with the population projected to reach 350,000 by 2030 under the County’s Land Development Code. As part of Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA)—the 18th largest MSA in the United States—Citrus County continues to attract both businesses and residents.
Lecanto and its surrounding areas have benefited from recent revitalization efforts, including community investments such as the Liberty Park and Depot District in Inverness. The recently completed $135 million expansion of the Suncoast Parkway and its planned extensions will further enhance connectivity, fostering additional economic growth.
Within a 15-minute drive, the property serves a substantial customer base of 46,361 residents, with an average age of 58 and a median household income of $65,000. This demographic ensures a solid foundation for businesses seeking to establish or expand in a thriving and dynamic market.
This meticulously maintained retail and service plaza presents an unparalleled opportunity for businesses to thrive in a high-traffic, high-visibility location, surrounded by a strong customer base and an array of complementary national retailers.
Logistic Details:
County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once the former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.
County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491.
County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these types of 'coastal spur' routes, in West Central Florida, it is county-maintained.
U.S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U.S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Highway was constructed from the Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.
Suncoast Parkway:
The Suncoast Parkway recently opened was a $135 Million Dollar expansion that extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries, and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System. The Suncoast Parkway is just 68 Miles 1 hour and 15 mins from Tampa making it a great commuting Highway for the workforce seeking to be outside of the Tampa traffic. The Veterans Expressway and Suncoast Parkway is a north–south toll road near the Florida Gulf Coast. Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto.
Citrus County Growth:
Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data. Citrus County, Florida is the 34th largest county in Florida. The 2010 Population was 141,173 and has seen a growth of 10.21% since this time. Citrus County's current LDC allows for approximately a population of 350k residencies. Given the expansion of the Suncoast Parkway and the 6-lane expansion of US 19, we are in the path of tremendous growth. +Currently, Citrus County has 60,000 vacant parcels of land prime for development. The County and incorporated Cities have plans for extensive utility expansion throughout the county including the expansion of the Crystal River Airport Runway 5000 feet to allow for larger aircraft to land and take off including a newly funded 75 acres industrial complex granted by the state to expand utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features.
Community Development:
957 single-family residential homes on a 354-acre site in Lecanto.
500-lot subdivision, located in Citrus Springs by Habitat for Humanity of Citrus County.
Green Mills Group 2020 built a 106-unit apartment campus offering affordable housing on Colonnade Street in Inverness.
County commissioners approved a planned unit development (PUD) for Preservation Point RV Resort, a 234-acre property.
Jaymelday Holdings LLC calls for up to 600 RV sites, along with amenities such as a pool, golf cart rentals, bar and grill, basketball court, and walking trails in Crystal River.
207 Home subdivision by DR Horton in Beverly Hills, Florida Citrus Ridge Area.
930 Unit Subdivision in Planning with a national builder in Lecanto just off the Suncoast Parkway extension on SR 44.
Own a Piece of History in the Heart of Inverness!
401 Tompkins Street, Inverness, FL 34450
3D Tour: https://mls.ricoh360.com/2243253f-e668-4baf-8d3a-8716ad922061
Not just another commercial property, this historic treasure stands as a testament to the rich past of Historic Downtown Inverness. Welcome to the R.O. Hicks House, one of the oldest remaining landmarked homes, beautifully preserved since the early 1900s. More than just a structure, this property is a living time capsule, echoing the stories of generations past while waiting for its next visionary owner to shape its future. Nestled in the heart of Florida’s Nature Coast, this boutique gem radiates timeless charm and elegance, offering a blank canvas for an inspired transformation.
Spanning 1,600 square feet, the frame-constructed building boasts high ceilings, a grand gathering space, a full kitchen, two restrooms, and original hardwood floors that whisper of craftsmanship from another era. Adding to its versatility, a 350-square-foot converted garage now serves as a private office, presenting an income-generating opportunity or an exclusive creative workspace.
Positioned on an expansive .34-acre corner lot, this property enjoys unparalleled visibility and accessibility. With a rare 17+ on-site parking spaces with Handicap, it effortlessly accommodates businesses of all types. Its prime location along W Main Street/SR 44, a bustling corridor with a daily traffic count exceeding 40,000 vehicles, ensures a steady stream of potential customers and clients. The property also benefits from multiple access points via Tompkins Street and N Osceola Avenue, enhancing convenience for visitors.
This historic property is more than just a destination; it is at the very heart of the Inverness community. Within walking distance, you’ll find quaint shops, inviting restaurants, Historic Courthouse Square, Citrus Memorial Hospital, the Citrus County Courthouse, City Hall, and government offices. Adding to its appeal, it sits near the Depot District and Liberty Park, with direct connections to the famed Withlacoochee State Trail, a magnet for eco-tourists and adventurers from around the world. With a seasonal daily population of 70,000 people, the opportunities for growth and success are limitless.
Whether you dream of creating a boutique retail haven, an artisan studio, a charming tea house, a cozy bakery, or a dynamic live-work space, this property invites endless possibilities. The welcoming local zoning laws encourage creative and entrepreneurial ventures, making this a once-in-a-lifetime opportunity to breathe new life into a historic landmark.
Beyond its charm, this property is situated in one of the fastest-growing areas in Florida’s Nature Coast. As part of Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA)—the 18th largest metro area in the United States—Citrus County is experiencing a population surge, projected to soar from 153,600 to 350,000 residents by 2030. This rapid expansion is fueling demand for both residential and commercial infrastructure, positioning well-located properties like this as prime investments. The recent $135 million expansion of the Suncoast Parkway has further enhanced the area’s connectivity, establishing Citrus County as a vital gateway to the Tampa Bay region.
Step into a piece of history, embrace the vibrancy of Downtown Inverness, and bring your vision to life in a location that seamlessly blends heritage, charm, and opportunity. This is more than a property—it’s a legacy waiting to be continued.
Prime Location for Maximum Visibility & Growth
Situated on a .34-acre corner lot in the heart of the city, this iconic property boasts exceptional visibility along W Main Street/SR 44, a major corridor with a daily traffic count exceeding 40,000 vehicles. With multiple access points via Tompkins Street and N Osceola Avenue, customers, clients, and visitors will enjoy seamless entry and exit. 17+ on-site parking spaces with Handicap—a rarity in downtown—ensure convenience and accessibility, making it an ideal destination for any business venture.
This multi-use space offers 1,600 square feet of flexible interior space, featuring:
A Grand Main Room – Perfect for boutique retail, an artisan workshop, a tea house, or a cozy café.
Full Kitchen – Ideal for a bakery, bistro, or catering business.
Two Restrooms – Essential for customer convenience and business operations.
Original Hardwood Floors & High Ceilings – Enhancing the historic character and appeal.
350 SF Detached Garage Converted into a Private Office – A separate workspace or rental unit for additional income potential.
Surrounded by a Thriving Business & Tourism Hub
This property sits at the heart of Inverness’s economic and cultural scene, surrounded by:
Shops, restaurants, and boutique stores that drive foot traffic year-round.
Citrus Memorial Hospital, the Citrus County Courthouse, City Hall, and other government offices, making it an ideal location for professional offices, law firms, or medical services.
Depot District and Liberty Park, which provide a direct connection to the Withlacoochee State Trail, a major draw for eco-tourists, cyclists, and outdoor enthusiasts from across the world.
A seasonal daily population of over 70,000 visitors, ensuring a steady flow of potential customers.
Endless Business Possibilities in a Zoning-Friendly Environment
The flexible zoning regulations in Downtown Inverness encourage creative and small business ventures, making this property the perfect space for an entrepreneur, investor, or business owner. Whether you envision:
A charming boutique or specialty retail shop
An artisan studio or gallery showcasing local crafts
A tea house, café, or bakery in a cozy historic setting
A law firm, consulting agency, or professional office in a prestigious location
A live-work space that blends business with personal comfort
Neighboring Cities & Growing Communities
Strategically positioned in the heart of Citrus County, Inverness is surrounded by fast-growing communities and vibrant neighboring cities, including:
Lecanto – A rapidly expanding commercial and residential area with new developments.
Hernando – Home to beautiful lakeside properties and a growing population.
Crystal River – A world-renowned eco-tourism hotspot, famous for its manatee sightings, waterfront dining, and nature preserves.
Floral City – A charming, historic town with a strong sense of community and scenic beauty.
Beverly Hills & Pine Ridge – Up-and-coming residential areas with increasing demand for businesses and services.
Dunnellon – Known for the Rainbow River and outdoor recreation, drawing tourists and adventure-seekers year-round.
Homosassa & Sugarmill Woods – Booming residential areas with nature preserves, coastal access, and a rising demand for commercial expansion.
Brooksville – A historic town with a mix of modern amenities and small-town charm, just a short drive away.
Top Employment Categories Ranked From Highest to Lowest.
Management, business, science, and arts occupations
Educational services, and health care and social assistance
Retail Trade
Arts, entertainment, and recreation, and accommodation and food services
Professional, scientific, and management, and administrative, and waste management services
Construction
Other services, except public administration
Housing Occupancy Ratio: 4:1 Predicted to be 6:1 by 2028.
Renter to Homeowner Ratio: 1:6 Predicted to be 1:5 by 2028.
Citrus County: A Market Poised for Growth
Citrus County, currently home to 153,600 residents, is on track for exponential growth, with the population projected to reach 350,000 by 2030 under the County’s Land Development Code. As part of Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA)—the 18th largest MSA in the United States—Citrus County continues to attract both businesses and residents.
Lecanto and its surrounding areas have benefited from recent revitalization efforts, including community investments such as the Liberty Park and Depot District in Inverness. The recently completed $135 million expansion of the Suncoast Parkway and its planned extensions will further enhance connectivity, fostering additional economic growth.
Within a 15-minute drive, the property serves a substantial customer base of 46,361 residents, with an average age of 58 and a median household income of $65,000. This demographic ensures a solid foundation for businesses seeking to establish or expand in a thriving and dynamic market.
This meticulously maintained retail and service plaza presents an unparalleled opportunity for businesses to thrive in a high-traffic, high-visibility location, surrounded by a strong customer base and an array of complementary national retailers.
Logistic Details:
County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once the former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.
County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491.
County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these types of 'coastal spur' routes, in West Central Florida, it is county-maintained.
U.S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U.S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Highway was constructed from the Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.
Suncoast Parkway:
The Suncoast Parkway recently opened was a $135 Million Dollar expansion that extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries, and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System. The Suncoast Parkway is just 68 Miles 1 hour and 15 mins from Tampa making it a great commuting Highway for the workforce seeking to be outside of the Tampa traffic. The Veterans Expressway and Suncoast Parkway is a north–south toll road near the Florida Gulf Coast. Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto.
Citrus County Growth:
Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data. Citrus County, Florida is the 34th largest county in Florida. The 2010 Population was 141,173 and has seen a growth of 10.21% since this time. Citrus County's current LDC allows for approximately a population of 350k residencies. Given the expansion of the Suncoast Parkway and the 6-lane expansion of US 19, we are in the path of tremendous growth. +Currently, Citrus County has 60,000 vacant parcels of land prime for development. The County and incorporated Cities have plans for extensive utility expansion throughout the county including the expansion of the Crystal River Airport Runway 5000 feet to allow for larger aircraft to land and take off including a newly funded 75 acres industrial complex granted by the state to expand utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features.
Community Development:
957 single-family residential homes on a 354-acre site in Lecanto.
500-lot subdivision, located in Citrus Springs by Habitat for Humanity of Citrus County.
Green Mills Group 2020 built a 106-unit apartment campus offering affordable housing on Colonnade Street in Inverness.
County commissioners approved a planned unit development (PUD) for Preservation Point RV Resort, a 234-acre property.
Jaymelday Holdings LLC calls for up to 600 RV sites, along with amenities such as a pool, golf cart rentals, bar and grill, basketball court, and walking trails in Crystal River.
207 Home subdivision by DR Horton in Beverly Hills, Florida Citrus Ridge Area.
930 Unit Subdivision in Planning with a national builder in Lecanto just off the Suncoast Parkway extension on SR 44.
Disclaimer to the consumer: This report is provided strictly for analysis and assumption purposes only. All financial models, development scenarios, and valuation estimates are based on hypothetical inputs and public information available at the time of preparation. The projections herein are not guaranteed, and no warranty or representation is made regarding the accuracy, completeness, or feasibility of any statements or conclusions presented. All data, including fill costs, rents, cap rates, and construction assumptions, must be independently verified through appropriate licensed professionals, engineers, surveyors, and governmental authorities prior to any investment, acquisition, or development decisions. The broker, its affiliates, and associated parties do not warrant or guarantee any outcome based on this analysis.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
Does any data look off? Help us improve Crexi by offering your feedback!
