Newly renovated modern executive office building located on the busy commercial corridor of Citrus County on SR 44 Inside the City Limits of Inverness, Florida. This spacious building is a total of 3, 200 SF and built of Concrete Block Construction with a stucco exterior inclusive of Four private offices, a reception area with storage, a copy area and mailroom, a large executive conference room, an enormous lobby, a breakroom for employees, and three restrooms are all situated on 0. 46 acres of General Commercial Zoned Property.
The property features 32 parking spaces and full ingress and egress access from SR 44, with a traffic count of 29, 500 AADT. . The building has been gutted and rejuvenated to a new office space with a new HVAC, wood floor finishes, trim, elite lighting, new windows and a metal roof that was installed in 2015. This centralized location is easily accessible to nearby Historic Inverness Downtown (2. 2 miles/4 min DT) which is home to Citrus County Tax Collector, Court House, City Hall, and Citrus Memorial Hospital. Additionally the subject property provides access to thriving nearby communities, including Floral City (5 miles), Lecanto (12. 3 miles), Beverly Hills (15. 1 miles), Crystal River (16. 6 miles), and Homosassa (18. 8 miles). Citrus County, currently home to 153, 600 residents, is projected to experience exponential growth, with the population estimated to reach 350, 000 under the County’s Land Development Code by 2030.
As part of Tampa–St. Petersburg–Clearwater MSA, the 18th largest metropolitan area in the United States, Citrus County stands out as one of the nation’s premier real estate markets. The City of Inverness has made substantial investments in revitalization, including the development of newly constructed lakefront parks such as Liberty Park, Wallace Brooks Park, and the Depot District. With the recent $135 million expansion of the Suncoast Parkway and its future extensions, Citrus County is positioned for significant growth within the Tampa MSA. Within a 15-minute drive of the property, an ideal customer base of 46, 361 residents awaits, with an average age of 58 and a median household income of $65, 000.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,920 | $559,920 | $559,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $530 | $530 | $530 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,772 | $3,721 | $4,722 |
Total Monthly Payment | $4,394 | $4,343 | $5,344 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.