Retail at 8929 E GULF TO LAKE HWY, INVERNESS
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$299,900

8929 E GULF TO LAKE HWY
INVERNESS, FL 34450
Listed by Elias Kirallah · CENTURY 21 J.W.MORTON R.E.
Bedrooms
N/A
Bathrooms
N/A
Living area
4,010 sqft
Year built
1972

About this home

AMAZING LOCATION, IN INVERNESS, CITRUS COUNTY, FL, TAMPA MSA, Just 15 Min From I-75/Florida Turnpike! Seize the opportunity to own your slice of a growing Central Florida Real Estate. Positioned along the high-traffic corridor of State Road 44 in Inverness, Florida, this fully renovated and affordably priced commercial property presents a rare investment opportunity with a unique competitive edge—direct access to the Tsala Apopka Chain of Lakes. The property comprises a 4,010-square-foot concrete block structure, originally a mechanics facility, now modernized to support a wide range of commercial uses. Key features include three 10’x12’ grade-level roll-up doors, 12-foot ceiling heights ideal for service operations, and 3-phase electric power to accommodate heavy-duty equipment. A two-story build-out provides flexibility for office use or potential live/work arrangements. Recent updates include a new roof and comprehensive interior renovations, enhancing both functionality and long-term value. Situated on a 0.78-acre lot, the site benefits from over 300 feet of visibility along Gulf to Lake Highway (SR 44), which sees an average daily traffic volume of approximately 18,000 vehicles. Zoned Coastal Lakes Commercial (CLC), the property allows for diverse commercial applications, including marine and automotive service facilities, contractor operations, retail establishments, and restaurant or bar concepts. The abundance of parking and open yard space further supports adaptability for high-traffic or equipment-intensive operations. What distinctly sets this property apart is its rear access to the Tsala Apopka Chain of Lakes—Citrus County’s largest freshwater system encompassing over 22,000 acres and 15 interconnected lakes. This lakefront position not only provides direct water access for marine-related services and recreational uses but also enhances visibility and appeal for destination-driven businesses. It creates a natural platform for adaptive reuse projects such as a waterfront restaurant, bar, or experience-based commercial concept targeting boaters, tourists, and locals alike. In terms of location, the property is strategically placed just 3.2 miles from Downtown Inverness, 9.1 miles from Floral City, 20.8 miles from Crystal River, and 21.3 miles from The Villages—one of the fastest-growing residential communities in the country. This central access point enables efficient service to a broad consumer base, from long-term residents and retirees to transient recreational users and seasonal visitors. Citrus County itself, home to approximately 153,600 residents as of the latest census data, is poised for sustained expansion, with projections indicating a population nearing 350,000 by 2030 under the county’s Land Development Code. As part of the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area—the 18th largest in the United States—the area is increasingly recognized as a high-potential real estate market. From an investment perspective, the property’s combination of strategic highway frontage, robust utility infrastructure, and unique water access positions it for long-term viability across multiple commercial verticals. Whether leveraged for a marine repair operation, automotive service center, contractor headquarters, or transformed into a lifestyle-oriented venue such as a waterfront restaurant or taproom, the site aligns well with both existing market needs and emerging growth trends.

Property details

MLS
Stellar MLS
MLS #
MFROM698589
Property type
Retail
Subdivision
HICKORY HILL RETREATS UNIT 02
Status
Active
Days on market
545
On market date
April 2, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.78 acres
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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.

Elementary
INVERNESS PRIMARY SCHOOL
3.26 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
598
Student:teacher ratio
16.2:1
District
CITRUS
Middle
INVERNESS MIDDLE SCHOOL
3.44 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,035
Student:teacher ratio
16.7:1
District
CITRUS
High
CITRUS HIGH SCHOOL
3.27 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,520
Student:teacher ratio
19.2:1
District
CITRUS

Walkability

Blended score for INVERNESS's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

23
Car-dependent
out of 100
EPA National Walkability Index
6.7 / 20 -- Below average walkable
Google Places amenity density
8 / 100
Restaurants & cafes1
Grocery stores1
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in INVERNESS, from live MLS data.

On the market 545 days -- 415 more days than INVERNESS's current average of 130 days.
For reference, the median list price across 538 active listings in INVERNESS right now is $130,000.

Mortgage calculator

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Est. monthly payment
$1,956/mo
$59,980 down
$239,920 loan
Principal & interest$1,556
Property tax (est.)$250
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 6 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.