703 Southerly Avenue

Description

Located just north of the 4-lane highway signalized intersection of US 41 S/Florida Avenue (17,300 AADT) and Eden Drive is .95 acres of CH-Commercial zoned land with 100' of frontage on US 41 S and offers street to street access via US 41 and Southerly Avenue. Located in a strong consumer expenditure district with access to a population of 37,769 residences within a 15 min drive time and dominant daily expenditures in Takeout/drive thru and Sit Down Restaurants, Medical Services, Financial Institutions and a growing housing market for Self Storage. Disposal income within a 15 min drive time on average is $50k+ with a median age of 53 years old. The subject property is located within a predominant retail cluster of known national brands such as Winn-Dixie, Save A Lot, Publix and Beverly drive-thru QSR chains such as McDonald. Just 1 mile south of Downtown Inverness, home to the Citrus County CourtHouse, Tax Collector, City Hall, Citrus Memorial Hospital, schools and several boutique shops and local eateries; this site is easily accessible and highly visible on one of Citrus Counties main commercial arteries. Located in Citrus County, part of the Tampa-St Petersburg MSA, the 18th Largest in the nation. With a population of 155,582 residences and growing annually 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, plans to expand utilities across the county, and further improving and widening of several cross connecting highways, including the newly completed extension of the 589-Toll Road to SR-44 with further expansion to CR-486, set to be completed by early 2023.