$890,000

FOR SALE- This freestanding CBS Class B Medical Office Building is located directly across the boulevard from Citrus Memorial Hospital in the Downtown Inverness Central Business District. Located at the Southeast corner of W Highlands Blvd (100’) and S Line Ave (180’), this property features 5,948 SF on .85 acres zoned RO Classified for use by Medical Facilities and Professional Service Office. Other key features include: 32 parking stalls, 8’ ceiling heights, 14 exam rooms, 5 offices, 2 waiting rooms, receptions, 2 break rooms, a 23’x31’ administrative office space, 5 bathrooms (1 ADA), and a handicap accessible ramp with canopy. Mechanical improvements were made to the HVAC in 2015-2018 as well as a new roof in 2007 and interior alterations in 2001.   With a prime location in the Central Business District of Downtown Inverness, this property has strategic advantages including the ability to construct a 3 story building, zero lot lines, and access to public utility and sanitation. This property is centrally located at the foot of Citrus Memorial Hospital, 4 mins from the Depot District as well as Courthouse Square, City Hall, and the Tax Collector’s Office. The patient population within 5 miles is 31,734 residences, with an average age of 55.6 years of age and Health Care expenditures exceeding $75 million annually. Adjoining populations in Floral City, Hernando, Citrus Hills, and Lecanto can all be reached within a short 15 min drive. This location is easily accessible via SR 44/W Gulf To Lake Hwy (38,000 AADT), US 41/S Florida Avenue (25,500 AADT) and E Gulf To Lake Hwy  (17,800 AADT). Other transit routes include the recently completed 589 Toll Road onramp (11 miles) off SR 44 in Lecanto, allowing easy access to the Tampa International Airport (1hr 6 mins or 74.7 mi) and the I-75 exit in Wildwood (34 mins or 27 miles).  As a rapidly growing municipality, the City of Inverness is favorable for development and growth with 70,000 local visitors in peak season, as well as being the county seat of Citrus County, part of the Tampa-St Petersburg MSA, the 18th largest in the nation. With a population of 155,582 residences, annually growing at a rate of 1.29%, Citrus is the 34th largest county in the State of Florida. Citrus County is large and land barren with over 60,000 vacant parcels green-lighted for development, as well as plans to expand utilities across the county and to further improve and widen several cross connecting highways, including the newly completed extension of the 589-Toll Road to SR-44 with further expansions to CR-486, set to be completed by early 2023.