David Ramirez
Retail

Commercial Sale · Retail

$335,000$419,0004,010 sq ft$84 /sq ft0.78 acres2 units

8929 E GULF TO LAKE HIGHWAY, INVERNESS, FL, 34450

Active490 days on marketListed Apr 2, 2025MLS #OM698589

About this property

The property at a glance

AMAZING LOCATION, IN INVERNESS, CITRUS COUNTY, FL, TAMPA MSA, Just 15 Min From I-75/Florida Turnpike! Seize the opportunity to own your slice of a growing Central Florida Real Estate. Positioned along the high-traffic corridor of State Road 44 in Inverness, Florida, this fully renovated and affordably priced commercial property presents a rare investment opportunity with a unique competitive edge—direct access to the Tsala Apopka Chain of Lakes. The property comprises a 4,010-square-foot concrete block structure, originally a mechanics facility, now modernized to support a wide range of commercial uses. Key features include three 10’x12’ grade-level roll-up doors, 12-foot ceiling heights ideal for service operations, and 3-phase electric power to accommodate heavy-duty equipment. A two-story build-out provides flexibility for office use or potential live/work arrangements. Recent updates include a new roof and comprehensive interior renovations, enhancing both functionality and long-term value. Situated on a 0.78-acre lot, the site benefits from over 300 feet of visibility along Gulf to Lake Highway (SR 44), which sees an average daily traffic volume of approximately 18,000 vehicles. Zoned Coastal Lakes Commercial (CLC), the property allows for diverse commercial applications, including marine and automotive service facilities, contractor operations, retail establishments, and restaurant or bar concepts. The abundance of parking and open yard space further supports adaptability for high-traffic or equipment-intensive operations. What distinctly sets this property apart is its rear access to the Tsala Apopka Chain of Lakes—Citrus County’s largest freshwater system encompassing over 22,000 acres and 15 interconnected lakes. This lakefront position not only provides direct water access for marine-related services and recreational uses but also enhances visibility and appeal for destination-driven businesses. It creates a natural platform for adaptive reuse projects such as a waterfront restaurant, bar, or experience-based commercial concept targeting boaters, tourists, and locals alike. In terms of location, the property is strategically placed just 3.2 miles from Downtown Inverness, 9.1 miles from Floral City, 20.8 miles from Crystal River, and 21.3 miles from The Villages—one of the fastest-growing residential communities in the country. This central access point enables efficient service to a broad consumer base, from long-term residents and retirees to transient recreational users and seasonal visitors. Citrus County itself, home to approximately 153,600 residents as of the latest census data, is poised for sustained expansion, with projections indicating a population nearing 350,000 by 2030 under the county’s Land Development Code. As part of the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area—the 18th largest in the United States—the area is increasingly recognized as a high-potential real estate market. From an investment perspective, the property’s combination of strategic highway frontage, robust utility infrastructure, and unique water access positions it for long-term viability across multiple commercial verticals. Whether leveraged for a marine repair operation, automotive service center, contractor headquarters, or transformed into a lifestyle-oriented venue such as a waterfront restaurant or taproom, the site aligns well with both existing market needs and emerging growth trends.

4,010

Building sq ft

$84

Price / sq ft

0.78

Lot acres

1972

Year built

2

Units

1

Building

CLC & CLR

Zoning

Retail

Property type

Building size4,010 sq ft
Lot size0.78 acres
Year built1972
Units2
Buildings1
ZoningCLC & CLR
Parking1 to 5 Spaces
ConstructionStucco
CoolingNone
UtilitiesElectricity Available · Public
Annual taxes$3,589

The numbers

Investment snapshot

$167,500

Price / unit

2

Units

Estimated payment (illustrative)

Down payment25% · $83,750
Interest rate6.00%
Loan term

Estimated payment

$1,965/mo

Principal & interest$1,506
Property taxes (actual bill)$299
Est. insurance$160

Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Financing

Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.

Where it sits

Location & trade area

35,000vehicles / day · 2025Us41/Sr45/44/S Us 41 to S Shad Ter · Traffic count · Florida DOT
5-min drive10-min drive15-min drive

What’s nearby

SpeedwayGrocery0.7 mi

Business data © OpenStreetMap contributors

The area

Who's around this property

10,408

Population

$48,955

Median income

59.5

Median age

2.04

Avg household

$210,200

Median home value

$973/mo

Median rent

604

Households w/ kids

Recent sales

What actually sold near 8929 E GULF TO LAKE HIGHWAY

The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.

3287 S FLORIDA AVENUE

$300,000

3287 S FLORIDA AVENUE

2,090 sqft · $144/sqft · Sold May 20, 2026

3275 S FLORIDA AVENUE

$300,000

3275 S FLORIDA AVENUE

1,920 sqft · $156/sqft · Sold Apr 27, 2026

6011 E TURNER CAMP ROAD

$175,000

6011 E TURNER CAMP ROAD

1,696 sqft · $103/sqft · Sold Jan 14, 2025

Your team

The pros in your corner

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, offers, and every question about 8929 E GULF TO LAKE HIGHWAY — start here.

Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 8929 E GULF TO LAKE HIGHWAY.

See it in person

Schedule a tour

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Listing courtesy of CENTURY 21 J.W.MORTON R.E. · Elias Kirallah. MLS #OM698589.

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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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