$299,900 for Sale
116 dr martin luther king jr avenue , inverness, FL 34450
Property Description
This prime commercial vacant parcel is located in Downtown Inverness adjacent to the Citrus County Sheriff's Office and across the street from the Citrus County Courthouse and is zoned CBD, which allows multi-story development up to a maximum height of 70 feet and six stories. Highest and best uses are multi-family residential, retail, and professional office space. This property is extremely site-prep friendly due to it being mostly cleared and flat and already has an existing curbcut. In addition to being in an X flood zone, the CBD zone allows for an impressive 80% impervious surface ratio. Prospective developers should note that multi-story development would include complimentary views of Henderson Lake, Liberty Park, and the historic Citrus County Courthouse ideal for rooftop venue and/or penthouse concepts. Call today to schedule a tour of the property!
General Information
Sale Price: $299,900
Price/SqFt:
Status: Active
MLS#: OM695872
City: inverness
Post Office: inverness
County: Citrus
Subdivision: inverness town
Acres: 0.37
Lot Dimensions: 100 x 162
Size:
Acreage: 0.37 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes: $2,161
Legal Description: TOWN OF INVERNESS PB 1 PG 36 LOT 3 BLK 107
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Louis Newman of KELLER WILLIAMS REALTY-ELITE P, Phone: 352-419-0200
