3190 S Florida Avenue, Inverness, Florida 34450rnrnrnDon’t miss this Prime Automotive Mechanic offering a newly renovated 2,750 SF concrete block building situated on .72 acres (125’x250′). This property is zoned General Commercial with street to street access (Via Southerly Ave/US 41 S). This location offers prime visibility with 125′ commercial highway frontage on S FLorida Ave/US 41 S and a daily traffic count os 17,300 AADT. This real estate sale includes a well established and highly lucrative turn key business with an entirely equipped shop space with all tooling, automotive lifts, air commpressors and all equipment shop necesary to operate a successful automotive repair business servicing the community. The entirety of the space offers a large lobby, manager’s office, ADA compliant bathrooms, storage for inventory, and a 40×55 shop space with four 12×12 grade level roll-up doors and a 20′ clear ceiling height. Centrally located just 3 mins (1.7 miles) from Historical Downtown Inverness via US 41 and SR 44, main sources of traffic providing access to a large customer base. With a population of over 35,000 residences with a median age of 55 y/o and a median income of over $50k all located within a 15 min drive. Currently, consumer expenditures in the Vehicle Maintenance and Repair exceeds $14 million. Located in Citrus County the 34th largest county in Florida which has 155,582 residences with growth under the countyâs LDC for a maximum of 350k residents segmented by 66.3% owned residences and 19.2% of renters. Citrus County is expanding infrastructure for development to support the expected 30,000 additional residences moving to the area by 2030. Citrus County offers amazing development opportunities with the 3rd highest amount of vacant residential parcels (61,000) in the State of Florida ripe for the flood of housing demand and wealth Americans flocking to the state at four times the rate of any other state. Citrus County is located within the TampaâSt. PetersburgâClearwater MSA which is the 18th Largest Metropolitan Area in the United States and the hottest real estate market in the nation. The Industrial asset class is trading in state of Florida with a median cap rate of 6.6% and 6.7% inside the Tampa-St. Petersburg-Clearwater MSA and a current Supply Demand Ratio of .56 indicating a Surplus of Demand.
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