$830,000

About this home

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.

Property details

MLS

Stellar MLS

MLS #

MFRO6272431

Property type

Retail

Subdivision

INVERNESS HIGHLANDS SOUTH

Status

Active

Days on market

26

On market date

January 17, 2025

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.72 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.