315 S Us Highway 41, Inverness, FL, 34450 | $3,100,000

This is a rare opportunity to secure one of the last remaining large parcels in the main commercial corridor. Situated just off the controlled intersection of US Hwy 41/W Main Street interchange (25, 500 AADT) and SR 44/E Gulf to Lake Hwy (17, 500 AADT), the property spans 3. 09 acres with over 330 feet of highway frontage and a combined traffic area of over 71, 500 cars daily in the City Limits of Inverness with City Water and Sewer. Zoned C-Commercial allows the highest density of development for commercial enterprise in Citrus County Land Development Code. The subject property is easily accessible, with full ingress and egress via a median curb cut from southbound traffic and right-in access for northbound traffic. It is located at the nexus of W Main Street, US Hwy 41, and SR 44, which connects to I-75 within 15 miles to the east. Current improvements on the subject property include a mixed-use retail and warehouse facility with over 32, 608 square feet, 3-phase electric, and 25-foot ceilings in the warehouse area. It also features two 20’x20’ grade-level doors and full pull-through access for large box trucks and other commercial vehicles. Additionally, approximately 1. 9 acres of the site serve as a fenced laydown storage yard. This massive retail hub of Downtown Inverness benefits from a collective pool of consumers from well-known national and regional retailers such as Winn-Dixie, Future Aldi's, Publix, McDonald's, Burger King, and many more. Beyond the retail offerings, you will find the City Hall of Inverness, Citrus County Tax Collectors, Property Appraisers, Department of Vehicles, and the Citrus County Courthouse. The City of Inverness has recently invested heavily in beautifying the town, including the newly constructed lakefront parks: Liberty, Wallace Brooks, and the Depot District. With the recent $135 million expansion of the Suncoast Parkway and future extensions, Citrus County is poised for historic growth within the Tampa MSA. Just a 15-minute drive from the property, an ideal customer base of 46, 361 residents with an average age of 58 and a median household income of $65, 000 awaits. Strong market consumer expenditures reveal that 66% of residents dine out at restaurants/steakhouses, and 89% frequent fast-food restaurants. Moreover, given the median age of 58, the area's population has spent over $106 million on healthcare services. The property offers access to flourishing populations in Floral City (5 miles), Lecanto (12. 3 miles), Beverly Hills (15. 1 miles), Crystal River (16. 6 miles), and Homosassa (18. 8 miles). As part of Citrus County, currently home to 153, 600 residents, the area is projected to experience exponential growth, reaching an estimated 350, 000 residents under Citrus County’s Land Development Code by 2030. Positioned within the Tampa–St. Petersburg–Clearwater MSA, ranked as the 18th largest in the U. S. , Citrus County emerges as one of the nation's premier real estate markets.

Features

  • Property Type: Warehouse
  • Construction: Block, Metal Frame, Metal Siding
  • Garage: 19 to 30 Spaces
  • Levels: 1
  • Cooling: Central Air
  • Units: 1
  • Lot Size: 330 x 540
  • Year Built: 1971
  • Approx Sq. Feet: 32,608
  • Acreage: 3.2
  • Est. Taxes: $20,191
  • Lot Desc: Central Business District, Corner Lot
  • MLS#: OM679344
  • Days on Market: 164 days
  • Website: https://www.raveis.com
    /prop/OM679344/315sushighway41_inverness_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). 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. (last updated 12/22/2024 10:04:07 PM)
Listing courtesy of CENTURY 21 J.W.MORTON R.E.   Phone: 352-726-6668

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

315 S Us Highway 41, Inverness, FL, 34450

$3,100,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,480,000 $2,480,000 $2,480,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $1,683 $1,683 $1,683
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $16,085 $15,880 $21,774
Total Monthly Payment $17,893 $17,688 $23,582

* 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.