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Magnolia Homes and Land , LLC
3287 S Florida Avenue, Inverness, FL 34450
- $300,000
- 2,090
- SqFt
- Sold Price
- $300,000
- List Price
- $315,000
- Status
- Sold
- Days on Market
- 138
- Closing Date
- May 20, 2026
- MLS#
- OM715375
- Property Style
- Retail
- Year Built
- 1973
- Living Area
- 2,090
- Lot Size
- 11,667
- Acres
- 0.27
- Total Acreage
- 1/4 to less than 1/2
- MLS Area Major
- Inverness
Property Description
Fully occupied, income-producing commercial asset located along US Highway 41 (Florida Avenue) in the heart of Citrus County within the Tampa–St. Petersburg–Clearwater MSA. The property features a 2,090 SF CBS building situated on 0.27 acres, zoned General Commercial, with 87 feet of frontage and excellent exposure to 13,700 AADT. The building was renovated in 2020 and is leased to a regional tenant, providing stable in-place cash flow. The site benefits from strong access and a central location just 2.5 miles south of Downtown Inverness, surrounded by key public and private demand drivers including Publix, Chipotle, Citrus County Clerk of Courts, Property Appraiser, Tax Collector, and Citrus Memorial Hospital. Citrus County is experiencing one of the fastest growth trajectories in Florida, with a current population of approximately 153,600 residents projected to exceed 350,000 by 2030, according to the County’s Land Development Code. As part of the Tampa–St. Petersburg–Clearwater MSA—the 18th largest metropolitan area in the United States—the region is rapidly evolving into a major population, service, and employment center, driving sustained demand for retail, medical, and commercial services. The broader market continues to benefit from significant public and private investment. Inverness, Homosassa, and surrounding communities have undergone substantial revitalization, including improvements to Liberty Park, the Depot District, and other catalytic civic assets. Additionally, the $135 million Suncoast Parkway expansion and the planned Phase 3 northern extension, located just north of the subject property, will provide direct one-hour access to Tampa International Airport and major employment hubs. These infrastructure investments are expected to materially enhance regional connectivity, tourism activity, and commercial demand—positioning the property along a rapidly strengthening economic corridor.
Additional Information
- Taxes Annual
- $2430
- Community Features
- No Deed Restriction
- Zoning
- GNC
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Brick
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Parking Spaces - 6 to 12, Common
- Flood Zone Code
- X
- Parcel ID
- 20E-19S-21-0000-32310
- Legal Description
- PAR OF LAND IN SE 1/4 OF SW 1/4 OF SEC 21-19-20 BEG AT INTERSECION OF W R/W LN OF ATLANTIC COAST LN RAILWAY AND THE S LN OF SEC 21-19-20 TH N 08DEG 19M 10S W 82.50 FT AL W R/W LN OF ATLANTIC COAST LN RAILWAYS TH N 89DEG 59M 30S W PAR WITH S LN OF SEC 21-19-20 138.94 FT TO A PT ON THE E'LY R/W LN OF US HWY 41 TH S 09DEG 07M 00S E AL SD R/W LN 82.68 FT AL E R/W LN OF US HWY 41 TO S LN OF SD SEC 21 TH S 89DEG 59M 30S E AL SD S LN 137.77 FT TO POB DESC IN OR BK 1354 PG 1998 & OR BK 2485 PG 1208
Listing courtesy of CENTURY 21 J.W.MORTON R.E.. 352-726-6668
Selling Office: TROPIC SHORES REALTY.Mortgage Calculator
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