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425 S Croft Avenue

Inverness, FL 34453
  • $1,650,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 806502
UPDATED: 49 min ago
$1,650,000
  • 0
    BEDS
  • 1.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1995
County:
Area:
08

School Ratings & Info

Description

Parkside Plaza is situated in the heart of a national retail shopping district and just off the spine of Highway Commercial in Citrus County with over 34,500 AADT traffic on SR-44. Subject property consists of 9,234 SF between (8) unitscurrently anchored by Mobil 1 Automotive Center, Allstate Insurance, and other successful businesses within (3) concrete block mixed-use commercial buildings. Also included is a 1,814 SF former automatic, coin-operated carwash. This highly profitable investment features a 7.6% Cap Rate and a NOI of $113k. This is a highly trafficked area featuring a population of 33,359 within a 5 mile radius and in a county with over 153,600 people. Surrounding the property are national retailers such as TJ-Maxx, Walmart, Lowes, and Regal Cinemas. The Suncoast Parkway/Toll 589 Expansion is under construction and planned to be completed in the coming year of 2022. Once this arterial extension is wrapped up, residents will have a simple commute to the city of Tampa. Citrus County is projected to undergo a transitional period of extreme growth once construction is completed. To its advantage, the county is the 3rd highest in the State of Florida with over 61,000 vacant parcels, leaving plenty of room for housing development. Parkside Plaza is also 3 miles from the county seat as well as Citrus Memorial Hospital in downtown Inverness, 7 miles from the medical corridor in Lecanto, and less than 20 miles from the Gulf of Mexico in Crystal River.

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© 2021 Citrus County Association of Realtors. All rights reserved. Based on information from the Contra Costa Association of REALTORS® MLS as of 2021-11-30T18:54:25.193. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
www.plantationrealtylistings.com/homes/122575018
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425 S Croft Avenue Inverness, FL 34453

  • Price: $1,650,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 49 min ago
  • MLS #: 806502
0
Beds
0
Baths
0
½ Baths
1.54
Acres
1995
Built
Neighborhood:
Not On List
County:
Citrus
Area:
08
Property Description
Parkside Plaza is situated in the heart of a national retail shopping district and just off the spine of Highway Commercial in Citrus County with over 34,500 AADT traffic on SR-44. Subject property consists of 9,234 SF between (8) unitscurrently anchored by Mobil 1 Automotive Center, Allstate Insurance, and other successful businesses within (3) concrete block mixed-use commercial buildings. Also included is a 1,814 SF former automatic, coin-operated carwash. This highly profitable investment features a 7.6% Cap Rate and a NOI of $113k. This is a highly trafficked area featuring a population of 33,359 within a 5 mile radius and in a county with over 153,600 people. Surrounding the property are national retailers such as TJ-Maxx, Walmart, Lowes, and Regal Cinemas. The Suncoast Parkway/Toll 589 Expansion is under construction and planned to be completed in the coming year of 2022. Once this arterial extension is wrapped up, residents will have a simple commute to the city of Tampa. Citrus County is projected to undergo a transitional period of extreme growth once construction is completed. To its advantage, the county is the 3rd highest in the State of Florida with over 61,000 vacant parcels, leaving plenty of room for housing development. Parkside Plaza is also 3 miles from the county seat as well as Citrus Memorial Hospital in downtown Inverness, 7 miles from the medical corridor in Lecanto, and less than 20 miles from the Gulf of Mexico in Crystal River.
Exterior Features

Construction Materials BlockConcrete Foundation Details Block Lot Features ClearedFlat Parking Features PavedParking LotPrivateParking Space(S) Parking Total 40 Road Surface Type Paved Roof AsphaltShingle Waterfront YN No

Interior Features

Building Area Total 11048 Cooling Central Air Cooling YN Yes Flooring CarpetConcreteCeramic Tile Interior Features High Ceilings Levels One

Property Features

Association YN No Business Type Car Wash Current Use Automotive Listing Terms CashConventional Possession Closing Property Sub Type Retail Special Listing Conditions StandardListed As-Is Tax Annual Amount 11277 Tax Year 2020 Water Source Public Zoning Gnc

Listing information © 2021 Citrus County Association of Realtors
Listing provided courtesy of Elias G Kirallah of Century 21 J.W.Morton R.E.



© 2021 Citrus County Association of Realtors. All rights reserved. Based on information from the Contra Costa Association of REALTORS® MLS as of 2021-11-30T18:54:25.193. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
 
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1250 North Country Club Drive
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