425 S Croft Ave, Inverness, FL 34453

Parkside Plaza is situated in the heart of a national retail shopping district and just off the spine of Highway Commercial in Citrus County with over 34,500 AADT traffic on SR-44. Subject property consists of 9,234 SF between (8) units—currently anchored by Mobil 1 Automotive Center, Allstate Insurance, and other successful businesses within (3) concrete block mixed-use commercial buildings. Also included is a 1,814 SF former automatic, coin-operated carwash. This highly profitable investment features a 7.14% Cap Rate and a NOI of $113k. This is a highly trafficked area featuring a population of 33,359 within a 5 mile radius and in a county with over 153,600 people. Surrounding the property are national retailers such as TJ-Maxx, Walmart, Lowes, and Regal Cinemas. The Suncoast Parkway/Toll 589 Expansion is under construction and planned to be completed in the coming year of 2022. Once this arterial extension is wrapped up, residents will have a simple commute to the city of Tampa. Citrus County is projected to undergo a transitional period of extreme growth once construction is completed. To its advantage, the county is the 3rd highest in the State of Florida with over 61,000 vacant parcels, leaving plenty of room for housing development. Parkside Plaza is also 3 miles from the county seat as well as Citrus Memorial Hospital in downtown Inverness, 7 miles from the medical corridor in Lecanto, and less than 20 miles from the Gulf of Mexico in Crystal River.