Inverness Retail for Sale
SIZE DOES MATTER in the development of this expansive 1.85-acre site zoned General Commercial, fronting S Florida Avenue/Hwy 41 S with a high traffic count of 11,200 AADT. Boasting over 383 feet of prime road frontage, this property is strategically located in the booming Historic Nature Coast Town of Inverness in Citrus County, Florida.
Zoning and Development Potential:
The General Commercial zoning provides a broad spectrum of opportunities, allowing for a variety of uses including:
-Retail/General Commercial
-Professional/Medical Offices
-Gas Stations and Convenience Stores
-Restaurants and Bars
-And much more
This versatile zoning makes the site suitable for a wide array of commercial enterprises, catering to both local residents and the influx of tourists and outdoor enthusiasts drawn to the area.
Prime Location Benefits:
Located just outside the city limits of Inverness in unincorporated Citrus County, property owners benefit from lower taxes while enjoying close proximity to Historic Downtown Inverness. To the east of the property, the Rails to Trails offers over 46 miles of paved trails, making it one of Florida's longest rail-trails and a magnet for eco-tourists and cycling enthusiasts.
The City of Inverness has recently invested heavily in enhancing the town’s aesthetic appeal with new lakefront parks such as Liberty, Wallace Brooks, and the Depot District. These improvements contribute to the town’s charm and attractiveness for both residents and visitors.
Growth and Demographics:
Citrus County is poised for significant growth with the recent $135 million expansion of the Suncoast Parkway and planned future extensions. Just a 15-minute drive from the property, there is a substantial customer base of 46,361 residents with an average age of 58 and a median household income of $65,000. Strong consumer spending patterns indicate:
-66% of residents dine out at restaurants/steakhouses
-89% frequent fast-food restaurants
-Over $106 million spent on health care services, reflecting the area's median age
-Market Reach
The property offers access to several flourishing communities:
-Floral City (5 miles)
-Lecanto (12.3 miles)
-Beverly Hills (15.1 miles)
-Crystal River (16.6 miles)
-Homosassa (18.8 miles)
Citrus County, with its current population of 153,600 residents, is expected to experience exponential growth, reaching an estimated 350,000 residents by 2030 under the Citrus County Land Development Code.
Strategic Positioning:
Part of the Tampa–St. Petersburg–Clearwater MSA, ranked as the 18th largest in the U.S., Citrus County stands out as one of the nation's premier real estate markets. This property’s prime location and zoning flexibility position it as an exceptional opportunity for commercial development, capitalizing on the region’s growth and vibrant economic activity.
Logistic Details:
-County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.
-County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest, and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491.
-County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these type of 'coastal spur' routes, in West Central Florida, it is county maintained.
-U. S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U. S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello,Florida. Newly 6 lane Hwy constructed from Hernando County line to Fort Island Trail and US 19 in CrystalRiver, Florida.
Suncoast Parkway:
The Suncoast Parkway recently opened was a of $135 Million Dollar expansion which extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System. The Suncoast Parkway is just 68 Miles 1 hour and 15 mins from Tampa making it a great commuting Highway for workforce seeking to be outside of the Tampa traffic. The Veterans Expressway and Suncoast Parkway is a north–south toll road near the Florida Gulf Coast. Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto.
Citrus County Growth:
Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data. Citrus County, Florida is the 34th largest county inFlorida. The 2010 Population was 141,173 and has seen a growth of 10.21% since this time. Citrus County current LDC allows for approximately a population of 350k residencies. Given the expansion of the Suncoast Parkway and the 6 lane expansion of US 19 we are in the path of tremendous growth. Currently Citrus County has 60,000 vacant parcels of land prime for development. The County and incorporated Cities have plans for extensive utility expansion throughout the county including the expansion of the Crystal River Airport Run Way 5000 feet to allow for larger aircraft to land and take off including a newly funded 75 acres industrial complex granted by the state to expand utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features.
Community Development:
-957 single-family residential homes on a 354-acre site in Lecanto.
-500 lot subdivision, located in Citrus Springs by Habitat for Humanity of Citrus County.
-Green Mills Group in 2020 built a 106-unit apartment campus offering affordable housing onColonade Street in Inverness.
-County commissioners approved a planned unit development (PUD) for Preservation Point RV Resort, a 234-acre property.
-Jaymelday Holdings LLC calls for up to 600 RV sites, along with amenities such as a pool, golf cart rentals, bar and grill, basketball court, -and walking trails in Crystal River.
207 Home subdivision by DR Horton in Beverly Hills, Florida Citrus Ridge Area.
-930 Unit Subdivision in Planning with a national builder in Lecanto just off the Suncoast Parkway extension on SR 44.
