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$299,900
38 Days On Site

116 Dr Martin Luther King Jr Avenue
Inverness, FL 34450

For Sale|Unimproved Land|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt

Built
Subdivision:
Town of Inverness
County:
Citrus
116 Dr Martin Luther King Jr Avenue116 Dr Martin Luther King Jr Avenue116 Dr Martin Luther King Jr Avenue116 Dr Martin Luther King Jr Avenue
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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!

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Listing Snapshot
Price 
$299,900
Days On Site 
38 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.37 Acres
Year Built 
N/A
MLS® Number 
842024
Status 
Active
Property Tax 
$2,162
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
0.37
Additional Property Use 
Commercial
Property Sub Type 
Unimproved Land
Sewer 
Public Sewer
Special Circumstances 
Standard
Water Source 
Public
Zoning 
CBD
Interior Features
Interior 
High Speed Internet
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Exterior Features
Lot Features 
Level
Road Frontage 
City Street
Community Features
Financing Terms Available 
CashConventional
MLS Area 
07
Roads 
Paved
Schools
School District
Unknown
Elementary School
Inverness Primary
Middle School
Inverness Middle
High School
Citrus High
Listing courtesy of Louis Newman of Keller Williams Realty - Elite Partners II



Listing information is provided by Participants of the REALTORS Association of Citrus County MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTORS Association of Citrus County MLS.
Last checked: 2025-04-04 11:29 AM UTC

Neighborhood & Commute
Source: Walkscore
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