2945 E GULF TO LAKE Highway
Inverness, FL 34453
Sq. Ft.: N/A
10,000 square feet with 10 commercial rental units-9.5% cap rate at full occupancy-Tenants include AMSCOT-Electric Beach Tanning-Dream Wireless-R & J Smoke City-US Freedom Group and Jeuine Designs.Retailers in the shopping center on the west corner of Croft Road include Bealls Department Store-TJ Max-McDonalds-Golden Corral-Aspen Dental- Office Max and Regal Cinemas. Lowe's-Super Walmart-Ruby Tuesdays-Olive Garden and Wendy's are in the adjoining shopping area.Easy property to manage with loyal tenants.7 units are presently leases--100% occupancy operating income would be $181,629.24 and it would have a 9.5 % cap rate.
Subdivision: Inverness Highlands U 1-9
Directions: Hwy 44 West- one door east of Croft Road next to Shell Gas
Heating / Cooling: Cool - Central Air, Cool - Central Electric, Heat - Central Electric
Total Number of Units: 10
Construction / Foundation: Concrete Block, Foundation - Slab
Water / Sewer: Sewer-Septic-Private
Parking Description: Drive - Blacktop, Drive - Paved
Road Description: Paved, State
Property SubType: Commercial
Property SubType 2: Commercial
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Diana G. Marcum, P.A.
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RACC data last updated at June 29, 2017 12:46 AM ET