Listed by Century 21 J W Morton Real Estate Inc
$2,175,000
JOIN STARBUCKS DEVELOPMENT IN DOWNTOWN INVERNESS
Details
APN 19E19S130020 0362
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 10,000
Tenancy Vacant
Price per SqFt $218
Broker Co-Op Yes
Year Built 1976
Buildings 1
Acreage 2.080
Zoning C
Ownership Fee-Simple
2.08 GNC Acres on SR 44
Marketing description
BUILD NEXT TO THE NEW “STARBUCKS”
2.08 Acres GNC on SR 44 (30,000 AADT)
**HAS CITY WATER AND SEWER ACCESS**
IN HISTORIC DOWNTOWN INVERNESS!
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Main Highlights:
- 2.08 Acres Zoned GNC Commercial
- 200’ Road Frontage on SR 44
- Street To Street Access
- No Median Curb Full Ingress and Egress
- City Water Sewer
- DEVELOPER TERMS WELCOMED
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Neighbor STARBUCKS and gain cross access on this truly exceptional opportunity to acquire one of the remaining parcels of land along the heavily trafficked SR 44/W Gulf To Lake Highway, with an impressive Average Annual Daily Traffic (AADT) of 30,000 vehicles. Situated just 2 miles to the west of the Historic Downtown Inverness Courthouse Square in Florida, the subject property spans 2.08 acres and carries a GNC commercial zoning designation, which affords a wide spectrum of potential uses. These encompass establishments such as restaurants featuring drive-thru services, banking institutions, retail outlets, car wash facilities, and automotive service centers.
Fronting SR 44, the property boasts an impressive 200 feet of highway frontage, offering seamless Ingress and Egress for traffic traveling in both East and Westbound directions. This ease of access is further facilitated by an open median on SR 44, contributing to its exceptional accessibility. Notably, the property also provides "Street-To-Street Access" from SR 44 to Colonnade Street, enhancing its overall convenience.
Strategically positioned, the property enjoys close proximity to various key locations. Downtown Inverness is just 3.6 miles away, Lecanto is 7.3 miles distant, Hernando is situated 4.2 miles away, and Crystal River is reachable within 15.1 miles. Moreover, the property is conveniently situated near major national retail outlets, with TJ Maxx a mere 1.3 miles away and Walmart just 1.6 miles down the road.
The General Commercial Zoning designation brings versatility to the property, permitting an array of potential uses, including but not limited to retail establishments, medical and professional offices, automotive services, assisted living facilities (ALF), multi-family housing developments, convenience stores (C-Store), banking facilities, and car wash operations, among others.
Nestled within Citrus County, Florida, this property is part of a vibrant and growing community with a population of over 155,582 residents. Impressively, the community's growth rate stands at 1.29%, exceeding the national average. Furthermore, its inclusion in the Tampa-St. Petersburg Metropolitan Statistical Area (MSA) adds to its allure, making it an attractive destination for businesses seeking growth opportunities.
For entrepreneurs and investors seeking a promising business environment with significant growth potential, this opportunity is indeed a rare find. To secure your foothold in this dynamic market, we encourage you to act swiftly and seize this exceptional offering.
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All Due Diligence can be found on the Crexi page: Link
All LOIs should be submitted through the Crexi page: Link
All questions regarding this property can be directed to emails: Info@eliasgeorge.com
All calls can be reached out to number: (352) 200-2635
(Disclaimer - All in person showings require proof of ability to purchase.)
Investment highlights
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 Hwy constructed from 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 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 on 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 Run Way 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
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 Colonade 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. utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features.
Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property-related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.
Listing Contacts
Listed by Century 21 J W Morton Real Estate Inc
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