305 S Line Ave | Inverness, FL 34452
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- LoopNet Team
305 S Line Ave
Inverness, FL 34452
COMPREHENSIVE PAIN MANAGEMENT · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Hands Free Investment – The tenant covers all expenses under this Absolute NNN lease, which is ideal for an out-of-state investor
- Hospital Adjacent – HCA Florida Citrus Hospital sits adjacent to the subject property, and creates strong healthcares synergy
- Local Need for Service – With an average age of 57 years old and with 51% of Inverness’s population being over 50 years old
- 3% Annual Rent Increases – Strong Annual Rent Escalation helps protect against inflation, increasing the likelihood of the investment’s profitability
- Strong Local Healthcare Market – The Inverness healthcare real estate market has shown strong signs of stability and growth with a low vacancy rate
- High Yielding Return – This opportunity allows investors to realize a year 1 cap rate of 9.00% providing a very profitable return
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
4,014 SF
Building Class
B
Year Built
1971
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,014 SF
Building FAR
0.11
Lot Size
0.85 AC
Zoning
RO - Residential Office District
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 20E-19S-17-0050-00670-0030 | Improvements Assessment | $359,382 |
| Land Assessment | $77,920 | Total Assessment | $437,302 |
PROPERTY TAXES
Parcel Number
20E-19S-17-0050-00670-0030
Land Assessment
$77,920
Improvements Assessment
$359,382
Total Assessment
$437,302
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