2514 Highway 44 W

Description

High-Exposure Commercial Development Site | SR 44 | Inverness, FL | Tampa MSA Located directly on heavily traveled SR 44, just a few parcels from a controlled intersection, this property offers exceptional accessibility and visibility to a broad customer base within Inverness, in Citrus County. The subject property totals ±0.67 acres and is zoned C-Commercial within the city limits of Inverness, with the ability to connect to newly expanded municipal water and sewer services. The site features approximately 150 feet of frontage on SR 44, boasting ±29,560 AADT, and provides unrestricted ingress and egress for both eastbound and westbound commuter traffic—an increasingly rare attribute along this corridor. With commercial zoning, jurisdictional utilities, and strong access, the property is well suited for a variety of uses including QSR with drive-thru, restaurant (up to ±2,000 SF), retail, medical or professional office, automotive, and other service-oriented commercial uses. The property is strategically positioned near Historic Downtown Inverness, home to major civic and institutional anchors including Citrus Memorial Hospital, the Citrus County Courthouse, the Tax Collector’s Office, and City Hall. Within a two-mile radius, the area supports a strong national and regional retail presence featuring Walmart, Lowe’s, TJ Maxx, multiple grocery stores, quick-service restaurants, and sit-down dining options. Within a 15-minute drive, the property serves a population of approximately 36,848 residents, with a median age of 64 and median household income of $52,000, growing at an annual rate of 2.93%. Local consumer expenditures for healthcare exceed $57 million annually, with more than $20 million dedicated to physician services, reinforcing the area’s strength for medical, wellness, and professional uses. The City of Inverness has made significant public investments in revitalization, including newly constructed lakefront amenities such as Liberty Park, Wallace Brooks Park, and the Depot District, enhancing quality of life and long-term economic vitality. Additionally, the recent $135 million expansion of the Suncoast Parkway, along with planned future extensions, positions Citrus County for continued growth as part of the Tampa–St. Petersburg–Clearwater MSA. Within an expanded 15-minute trade area, the property captures an ideal customer base of approximately 46,361 residents, with an average age of 58 and median household income of $65,000. Consumer data indicates that 66% of residents dine at sit-down restaurants, 89% frequent fast-food establishments, and healthcare expenditures exceed $106 million annually, driven by the area’s age-weighted demographics. The site also provides convenient access to surrounding 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 approximately 153,600 residents, is projected under the County’s Land Development Code to accommodate population growth approaching 350,000 residents by 2030, further strengthening long-term demand fundamentals.