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Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,720 sqft
Price per Sqft $330
Subdivision Inverness Highlands Unit 01
MLS Listing ID U8074744
Sold Date 10/29/20
Construction Status Pending 3rd Party Appro
HOA Y/N No
Year Built 1972
Annual Tax Amount $5,116
Lot Size 1.100 Acres
Acres 1.1
Lot Dimensions 80x120
Property Description
Available is the business and real estate of Taylor Rental Center - Inverness, operating as a True Value Rental Center Franchisee. Locally owned and operated, this location has been serving the community with the finest in rental equipment and sale items since 1993. True Value Rental has an extensive rental inventory that includes excavators, trailers, stump removers, skid steers, lifts, trenchers, generators, air compressors, party supplies and more! Equipment rental companies are considered highly profitable business models that operate in a well-defined and protected niche. That is certainly accurate of True Value Rental of Inverness, with a population base of nearly 156,000 residents within 15 miles. Annual revenues for 2016 - 2019 averaged $590,000 with 2019 owner cash flow of $181,000.
The property contains 1.10 ± acres of land with plenty of room for outdoor storage and customer parking. The 4,624 square-feet (SF) building contains 1,700 SF of retail showroom with a management office area, sales counter and restroom; 1,020 SF of finished air-conditioned warehouse with break room and restroom; and 1,904 SF of warehouse utilized for equipment storage and maintenance that is fitted with two grade level roll-up doors. The property is secured with chain link fencing and the building is further protected by eight monitored security cameras. An elevated pylon sign provides prominent advertising along East Gulf to Lake Highway.
Location
State FL
County Citrus
Community Inverness Highlands Unit 01
Zoning GNC
Interior
Cooling Other
Exterior
Garage 6 to 12 Spaces
Waterfront false
Roof Type Metal
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Brick
New Construction false
Construction Status Pending 3rd Party Appro
Others
Ownership Other
Special Listing Condition None
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Bought with BRIDGEWATER COMMERCIAL RE