Active

2332 HIGHWAY 44 W

INVERNESS FL, 34453

$1,375,000


$376.92 per sqft

Active

3,648 sqft

Commercial

Built in 1985

Located on the heavily traveled SR 44 corridor (29,560 AADT), connecting Citrus County to the city limits of Inverness, Florida, this property offers a prime commercial location. Situated at the corner of Central Avenue and SR 44, the site encompasses 0.86 acres with 120 feet of highway frontage. Included in this offering is a beautifully remodeled 3,648 SF mixed-use general commercial building, featuring 22 parking spaces and a prominent elevated monument sign for maximum visibility.

The property is strategically positioned to benefit from the newly extended Suncoast Parkway, with additional extensions planned. Citrus County is on the cusp of historic growth, driven by its inclusion in the rapidly expanding Tampa MSA. This vibrant commercial hub in Downtown Inverness draws consumers from established national and regional retailers, including Winn-Dixie, future Aldi's, Publix, McDonald's, and Burger King. Additionally, the property is in close proximity to key government offices such as the City Hall of Inverness, Citrus County Tax Collector, Property Appraiser, DMV, and the Citrus County Courthouse.

Recent investments by the City of Inverness have further enhanced the area's appeal, including newly developed lakefront parks like Liberty Park, Wallace Brooks Park, and the Depot District. Within a 15-minute drive, the property taps into a robust customer base of 46,361 residents with a median household income of $65,000 and an average age of 58.

The site provides convenient access to growing 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 nearly double its population to 350,000 by 2030 under its Land Development Code.

As part of the Tampa-St. Petersburg-Clearwater MSA, the 18th largest in the U.S., Citrus County stands out as one of the nation's premier real estate markets. With the $135 million Suncoast Parkway expansion and an aging, affluent demographic, the area is poised for continued economic growth. Local consumer spending trends indicate strong market potential, with 66% of residents dining out at restaurants and 89% frequenting fast-food establishments, while healthcare expenditures exceed $106 million annually.

This property offers an exceptional opportunity to capitalize on a flourishing market in a high-visibility, high-demand location.

OM689659

MLS ID

December 2, 2024

Listed

December 4, 2024

Updated

Map

2332 HIGHWAY 44 W
INVERNESS FL, 34453

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.86 Acres


Roof

Shingle

Other Property Details

Area Name

34453 - Inverness


Taxes

$10,515


Tax Frequency

Annually


Days on Market

2


Association Fee Frequency

Monthly


Garage

No


Parking

Parking Spaces - 19 to 30


View

No


County

Citrus


Municipality

19S


Pool

No


Zoning

C

Listed by CENTURY 21 J.W.MORTON R.E.
Listing Contact: 352-400-2635 

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Data last updated 12/4/2024, 8:28 PM UTC

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