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Turnkey Standalone Restaurant 859 S US Highway 41 1,920 SF Retail Building Inverness, FL 34450 $686,353 CAD ($357.48 CAD/SF) 10% Cap Rate
Investment Highlights
- 1,920-square-foot turnkey restaurant building along US Highway 41, providing immediate income potential with a fully equipped kitchen and dining room.
- Adjacent lot is included, creating flexibility for expansion, redevelopment, additional parking, or alternative commercial applications.
- High visibility on a primary commercial corridor, with traffic counts exceeding 17,500 vehicles per day (VPD), supports strong brand exposure.
- Long-term growth potential with access to over 32,000 residents within a 5-mile radius, and projected regional population growth of ~13% through 2029.
Executive Summary
Situated along the highly visible US Highway 41 S corridor in Inverness, 859 US Highway 41 S is a turnkey restaurant property presenting an outstanding opportunity for owner-operators and investors. The 1,920-square-foot building is ready for immediate operation, featuring a substantial inventory of newer restaurant equipment, a large walk-in cooler, and a functional layout designed for efficient food service.
Recent improvements include a new roof, providing peace of mind and long-term value. The property is zoned GNC (General Commercial), allowing for a variety of commercial uses and redevelopment options. An additional lot is included with the purchase, providing flexibility for expansion, extra parking, outdoor dining, or future development.
With traffic counts exceeding 17,500 vehicles per day (VPD) along US Highway 41/S Florida Avenue, the site offers exceptional visibility and accessibility for businesses. Built-in exposure is enhanced by the adjacent retail plaza and a neighboring dermatology office, generating consistent area activity. The location serves a population of over 32,000 residents within a 5-mile radius and sits just minutes from historic downtown Inverness, surrounded by established retail, medical offices, and residential communities.
Strategically positioned between Gainesville, Orlando, and Tampa, Inverness is known for its charming historic downtown and abundant outdoor recreation. The area is projected to experience approximately 13% population growth from 2024 through 2029, further strengthening the long-term investment outlook.
Reach out today to schedule a tour and to learn more about this incredible investment opportunity.
Recent improvements include a new roof, providing peace of mind and long-term value. The property is zoned GNC (General Commercial), allowing for a variety of commercial uses and redevelopment options. An additional lot is included with the purchase, providing flexibility for expansion, extra parking, outdoor dining, or future development.
With traffic counts exceeding 17,500 vehicles per day (VPD) along US Highway 41/S Florida Avenue, the site offers exceptional visibility and accessibility for businesses. Built-in exposure is enhanced by the adjacent retail plaza and a neighboring dermatology office, generating consistent area activity. The location serves a population of over 32,000 residents within a 5-mile radius and sits just minutes from historic downtown Inverness, surrounded by established retail, medical offices, and residential communities.
Strategically positioned between Gainesville, Orlando, and Tampa, Inverness is known for its charming historic downtown and abundant outdoor recreation. The area is projected to experience approximately 13% population growth from 2024 through 2029, further strengthening the long-term investment outlook.
Reach out today to schedule a tour and to learn more about this incredible investment opportunity.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,920 SF
Building Class
C
Year Built/Renovated
1979/2025
Price
$686,353 CAD
Price Per SF
$357.48 CAD
Cap Rate
10%
NOI
$68,635 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.29 AC
Zoning
GNC - General Commercial
Parking
24 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Pinschers Pizzeria
- Retailer
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Pinschers Pizzeria | Retailer | 99,999 SF | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
5,388
20,460
33,864
2029 Population
5,797
22,159
36,800
2024-2029 Projected Population Growth
7.6%
8.3%
8.7%
Median Age
52.1
52.2
52.5
College Degree + Higher
11%
16%
15%
Daytime Employees
1,092
9,253
11,592
Total Businesses
160
1,322
1,813
Average Household Income
$56,150
$69,035
$68,519
Median Household Income
$42,517
$48,655
$50,408
Total Consumer Spending
$60M
$239.1M
$394.8M
2024 Households
2,604
9,380
15,489
Average Home Value
$299,826
$306,012
$301,366
$ values in USD
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Cedar River Seafood | Seafood | $$ | 4 min walk |
| Heidi's Souper Salads & More | Soup | - | 5 min walk |
Retail |
||
|---|---|---|
| Stanley Steemer | Cleaners | 4 min walk |
| Circle K | Convenience Market | 6 min walk |
| Dollar General | Dollar/Variety/Thrift | 7 min walk |
| Truist | Bank | 16 min walk |
Hotels |
|
|---|---|
| WoodSpring Suites |
72 rooms
5 min drive
|
| Holiday Inn Express |
75 rooms
14 min drive
|
Property Taxes
| Parcel Number | 20E-19S-21-0020-02010-1100 | Improvements Assessment | $160,408 CAD |
| Land Assessment | $62,353 CAD | Total Assessment | $222,761 CAD |
Property Taxes
Parcel Number
20E-19S-21-0020-02010-1100
Land Assessment
$62,353 CAD
Improvements Assessment
$160,408 CAD
Total Assessment
$222,761 CAD
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Photos
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Street
Map
Presented by
Meade Capital, LLC
Turnkey Standalone Restaurant | 859 S US Highway 41
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