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403 W Highland Boulevard
Inverness, FL 34452
Farhaad Golkar with Tropic Shores Realty, original listing - (352) 503-4780
$1,450,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Offered for sale, for the first time in over 30 YEARS! Just over 8,000 SQUARE FEET of medical office space, located directly across the street from the largest hospital in the entire county- HCA Florida Citrus Hospital! The property has been the home of the largest General/Vascular surgery practice in the county, for over 30 years! Whether you are looking to setup a specialty practice or large primary care practice, the location is unbeatable, as it is adjacent to the hospital and the vast ancillary services it provides (diagnostic imaging, laboratory, physical therapy, wound care, etc.). With numerous other medical offices on W. Highland Blvd., this is your chance to setup a medical practice, in a thriving healthcare environment. HCA Florida Citrus Hospital is a 204-bed, comprehensive, acute care hospital that sees over 40,000 patients per year. Downtown Inverness, numerous restaurants, drug stores, financial institutions, and schools, are all just minutes away. The building features 45 designated, freshly resurfaced parking spots, 12 exam rooms, 2 procedure rooms, 14 provider/staff/nurse offices, kitchen, conference room, and 4 bathrooms. There is a large waiting room, with beautiful tongue and groove ceiling, a large front office area, numerous storage closets, utility rooms, and file room. The shingled roof and main HVAC are less than 10 years old. The irrigation system is completely refurbished. There are mature, recently manicured, trees, surrounding the property, accentuating the curb appeal. The layout is well suited for having provider “pods”, each with their own exam rooms. This allows multiple providers to see patients at one time, on any given day. The possibilities are endless, allowing for multiple providers of the same specialty, or a multi-specialty practice to operate seamlessly. In addition, there is potential for a separate, income producing, medical practice in the attached 2,000 square foot wing, with separate entrance. Don’t miss out on this incredible opportunity!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Commercial Sale-Office
Year Built
1986
MLS Number
--
Location
Address
403 W Highland Boulevard
City
Inverness
State
FL
Zip Code
34452
County
CITRUS
Listing
Name
Phone
(352) 503-4780
Office Name
Office Phone
(352) 503-4780
Agent Name
Farhaad Golkar
Agency Phone
(352) 503-4780

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.