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2332 Highway 44 W
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PRICED AT ONLY: $1,375,000

Address: 2332 Highway 44 W, INVERNESS, FL 34453

Description

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 TampaSt. PetersburgClearwater MSA, the 18th largest in the U.S., Citrus County stands out as one of the nations 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.
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  • MLS#: OM689659 ( Commercial Sale )
  • Street Address: 2332 Highway 44 W
  • Viewed: 51
  • Price: $1,375,000
  • Price sqft: $377
  • Waterfront: No
  • Year Built: 1985
  • Bldg sqft: 3648
  • Days On Market: 20
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 3648.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Parking Features: Parking Spaces - 19 to 30
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Road Frontage Type: Highway
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Legal Description: INVERNESS VLG PB 6 PG 26 LOTS 19 20 & 21 BLK 3
  • Area Major: 34453 - Inverness
  • Parcel Number: 19E-19S-13-0030-00030-0190
  • Views: 51
Similar Properties

Details for 2332 Highway 44 W, Inverness, FL 34453
$1,375,000.00 ($376.92 / sqft )

2332 Highway 44 W More Like This

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 corne

  1. Approx. 3648 sqft
  1. MLSID: 839114
  2. Provided by Century 21 J.W.Morton R.E.
  3. REALTOR® Association of Citrus County
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  1. Broker IDX Sites Inc.
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