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$335,000 -$15,000 (-4.29%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 8929 E Gulf to Lake Hwy
General
- Price: $335,000
- Taxes: $3,589 (2023)
- Status: Active
- Type: Retail
- Source: MidFloridaRegionalMLS
- MLS ID: OM698589
- Updated: 2/11/2026
- Added to Site: 320 day(s) ago
Rental Information
- Complex Features: Bathrooms
Interior
- Flooring: Concrete
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: 34450 - Inverness
- County: Citrus
- Development Name: 34450 - Inverness
- Subdivision: HICKORY HILL RETREATS UNIT 02
- Driving Directions: Coming from Inverness downtown, enter US Highway 41 and head southeast for .5 Miles until you reach an intersection. Enter E Gulf To Lake Highway and head North East for about 4.4 Miles until you reach the property in 7 Minutes on your left side.
- Direction Faces: East
Community
- Community Name: 34450 - Inverness
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer, Septic Tank
- Water: Public, Well
- Utility Description: Electricity Available, Public
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco
- Roof: Shingle
- Ceiling Type: Drywall
- Ceiling Height: 10 to 15 Feet
- Door Dimensions: 12x15
- Stories/Levels: Two
- Square Feet: 4,010
- Sq. Ft. Source: Public Records
- Year Built: 1972
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size (Acres): 0.78
- Lot Size (Sq. Ft.): 33,977
- Lot Size: 33977
- Lot Dimensions: 220 x 120
- Frontage: Street Paved, Highway
- Street/Road Desc.: Paved
Water Features
- Water Access: Yes
- Water Access Desc: Lake
Financial Considerations
- Tax Amount: $3,589.42
- Tax Year: 2023
Disclosures and Reports
- Ownership: Corporation
- Special Conditions: None
- Legal Description: HICKORY HILL RETS UNIT 2 PB 3 PG 75 LOTS 3 & 4 BLK 4
- Flood Zone Info: AE, X
- APN: 20E19S110020000400030
- Property ID: 20E19S110020000400030
- Block/Lot/Section: 4
Listed by Century 21 J.W.Morton R.E.
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Schools
Schools serving 8929 E Gulf to Lake Hwy
School District:Citrus County School District
| Name | Grades | Distance |
|---|---|---|
Inverness Primary School 206 South Line Avenue, Inverness, FL 34452 | PK-5 | 3.3 mi |
Inverness Middle School 1950 U.S. 41, Inverness, FL 34450 | 5-8 | 3.5 mi |
Citrus High School 600 West Highland Boulevard, Inverness, FL 34452 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8929 E Gulf to Lake Hwy
Date
Details
Price
Change
Source
2/11/2026
Price Reduced
$335,000
-4.29%
MLS
1/02/2026
Price Reduced
$350,000
-6.67%
MLS
11/14/2025
Price Reduced
$375,000
-3.82%
MLS
10/22/2025
Price Reduced
$389,900
-0.26%
MLS
10/21/2025
Price Reduced
$390,900
-0.26%
MLS
10/20/2025
Price Reduced
$391,900
-0.51%
MLS
10/16/2025
Price Reduced
$393,900
-0.25%
MLS
10/15/2025
Price Reduced
$394,900
-1%
MLS
10/09/2025
Price Reduced
$398,900
-0.25%
MLS
8/20/2025
Price Reduced
$399,900
-9.09%
MLS
8/05/2025
Price Increased
$439,900
10%
MLS
7/28/2025
Price Reduced
$399,900
-2.44%
MLS
6/30/2025
Price Reduced
$409,900
-1.11%
MLS
6/03/2025
Price Reduced
$414,500
-0.12%
MLS
4/29/2025
Price Reduced
$415,000
-0.95%
MLS
4/02/2025
Listed
$419,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8929 E Gulf to Lake Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,411
12%
$264,414
10%
2024
$3,935
10%
$240,630
6%
2023
$3,589
14%
$226,620
16%
2022
$3,138
9%
$195,970
14%
2021
$2,872
—
$172,650
2%
2021
$2,872
7%
$169,910
5%
2018
$2,690
—
$161,180
3%
2017
$2,681
2%
$157,030
6%
2016
$2,630
2%
$147,890
4%
2015
$2,583
-10%
$141,560
-17%
2019
$2,884
35%
$171,500
47%
2014
$2,138
-4%
$116,390
-3%
2013
$2,236
—
$120,070
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8929 E Gulf to Lake Hwy
8929 E Gulf To Lake Highway, Inverness, FL 34450 (MLS# OM698589) is a Retail property. 8929 E Gulf To Lake Highway is currently listed for $335,000 and was received on April 02, 2025. Want to learn more about 8929 E Gulf To Lake Highway? Do you have questions about finding other Retail real estate for sale in Inverness? You can browse all Inverness real estate or contact a Coldwell Banker agent to request more information.

