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3190 S Florida AVENUE, Inverness, FL, 34450 | $830,000
Strategic Investment in Growing Commercial Real Estate Market
Prime Location and Accessibility:
This property at 3190 S Florida Avenue offers unmatched visibility with 125 feet of commercial highway frontage on US 41 S, a major thoroughfare with 17, 300 daily traffic counts. Its General Commercial zoning and street-to-street access (Southerly Ave/US 41) make it an ideal location for businesses needing high exposure and accessibility.
Economic Growth Supporting Commercial Expansion
Infrastructure Development: The nearby Holder Industrial Park project, supported by a $2. 8 million infrastructure, will bring 1, 000 direct jobs and up to 2, 000 indirect jobs, boosting the local economy and creating demand for automotive, industrial, and service-related businesses.
Population Growth: Citrus County is preparing for 30, 000 new residents by 2030, driving increased commercial activity. The area's planned growth ensures a steady customer base for commercial enterprises, including automotive services.
Turnkey Opportunity with Established Business:
This property includes a fully equipped automotive repair shop with lifts, air compressors, and all necessary tools, offering immediate income potential. The established business has a proven track record of servicing the community, making it a low-risk investment for entrepreneurs or investors in the commercial sector.
Commercial Real Estate Market Trends
Citrus County is part of the Tampa–St. Petersburg–Clearwater MSA, the 18th largest metropolitan area in the U. S. and currently the hottest real estate market in the nation.
Growth in Service-Based Commercial Real Estate
Consumer expenditures for vehicle maintenance and repair exceed $14 million annually in the local area. As demand for reliable automotive services grows alongside the population, this property offers a unique opportunity to capitalize on a profitable, service-based commercial enterprise.
Future-Proof Investment
Citrus County boasts 61, 000 vacant residential parcels, ranking 3rd in Florida. The ongoing influx of residents, coupled with the county's growing infrastructure, ensures a sustainable market for commercial ventures.
The region’s emphasis on development-ready infrastructure positions this property as a valuable asset for investors seeking long-term appreciation in the commercial real estate sector.
Features
- Property Type: Retail
- Construction: Block, Concrete
- Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
- Garage: 19 to 30 Spaces
- Cooling: Central Air
- Year Built: 1982
- Approx Sq. Feet: 2,750
- Acreage: 0.72
- Est. Taxes: $3,048
- MLS#: O6272431
- Days on Market: 5 days
- Website: https://www.raveis.com
/prop/O6272431/3190sfloridaavenue_inverness_fl?source=qrflyer
Listing courtesy of Real Broker, LLC Phone: 855-450-0442
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
3190 S Florida AVENUE, Inverness, FL, 34450
$830,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $664,000 | $664,000 | $664,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.625% | 6.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.444% | 6.748% | 7.366% |
| Monthly Tax Payment | $254 | $254 | $254 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,362 | $4,252 | $5,876 |
| Total Monthly Payment | $4,708 | $4,598 | $6,222 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388