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$225,000
Est. payment /mo
1.33 Acres Lot
UPDATED:
11/23/2024 01:11 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved
Listing Status Active
Purchase Type For Sale
Subdivision Inverness Village Unit 03
MLS Listing ID OM689609
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $412
Lot Size 1.330 Acres
Acres 1.33
Lot Dimensions 226x335
Property Description
Located just off the heavily traveled SR 44 and Forest Drive, this property offers easy accessibility to a diverse patient and customer base in Inverness, situated in Citrus County, Florida. The subject property spans a generous 1.33 acres and is zoned RO-Residential Office, within the city limits of Inverness. Future connections to water and sewer services are anticipated by the end of 2025. This fully cleared property features 223 feet of road frontage on Forest Drive, which connects directly to SR 44, boasting an impressive daily traffic count of over 29,560 AADT.
The property is strategically located near Historical Downtown Inverness, home to key landmarks such as Citrus Memorial Hospital, the County Courthouse, the Tax Collector’s Office, and City Hall. Within a two-mile radius, the area offers a robust national retail presence, including Walmart, Lowe’s, TJ Maxx, several major grocery stores, quick-service restaurants (QSRs), and sit-down dining options. The property is also situated within a 15-minute drive of a population of 36,848 residents, with a median age of 64 and a median household income of $52,000, growing at an annual rate of 2.93%. Local consumer expenditures for healthcare exceed $57 million annually, with over $20 million allocated specifically to physician services.
The City of Inverness has made substantial investments in revitalization, including the development of newly constructed lakefront parks such as Liberty Park, Wallace Brooks Park, and the Depot District. With the recent $135 million expansion of the Suncoast Parkway and its future extensions, Citrus County is positioned for significant growth within the Tampa MSA. Within a 15-minute drive of the property, an ideal customer base of 46,361 residents awaits, with an average age of 58 and a median household income of $65,000. Consumer data indicates that 66% of residents dine out at restaurants or steakhouses, while 89% frequent fast-food establishments. The population’s median age also correlates with substantial expenditures on healthcare services, totaling over $106 million annually. The property provides access to thriving 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 experience exponential growth, with the population estimated to reach 350,000 under the County’s Land Development Code by 2030. As part of Tampa–St. Petersburg–Clearwater MSA, the 18th largest metropolitan area in the United States, Citrus County stands out as one of the nation’s premier real estate markets.
The property is strategically located near Historical Downtown Inverness, home to key landmarks such as Citrus Memorial Hospital, the County Courthouse, the Tax Collector’s Office, and City Hall. Within a two-mile radius, the area offers a robust national retail presence, including Walmart, Lowe’s, TJ Maxx, several major grocery stores, quick-service restaurants (QSRs), and sit-down dining options. The property is also situated within a 15-minute drive of a population of 36,848 residents, with a median age of 64 and a median household income of $52,000, growing at an annual rate of 2.93%. Local consumer expenditures for healthcare exceed $57 million annually, with over $20 million allocated specifically to physician services.
The City of Inverness has made substantial investments in revitalization, including the development of newly constructed lakefront parks such as Liberty Park, Wallace Brooks Park, and the Depot District. With the recent $135 million expansion of the Suncoast Parkway and its future extensions, Citrus County is positioned for significant growth within the Tampa MSA. Within a 15-minute drive of the property, an ideal customer base of 46,361 residents awaits, with an average age of 58 and a median household income of $65,000. Consumer data indicates that 66% of residents dine out at restaurants or steakhouses, while 89% frequent fast-food establishments. The population’s median age also correlates with substantial expenditures on healthcare services, totaling over $106 million annually. The property provides access to thriving 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 experience exponential growth, with the population estimated to reach 350,000 under the County’s Land Development Code by 2030. As part of Tampa–St. Petersburg–Clearwater MSA, the 18th largest metropolitan area in the United States, Citrus County stands out as one of the nation’s premier real estate markets.
Location
State FL
County Citrus
Community Inverness Village Unit 03
Zoning RO
Exterior
Utilities Available Electricity Available
Building
Lot Description Level, Paved
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Others
Ownership Condominium
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by CENTURY 21 J.W.MORTON R.E.
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