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$299,900
39 Days On Site

116 DR MARTIN LUTHER KING JR AVENUE
INVERNESS, FL 34450

For Sale|Land|Active
Subdivision:
INVERNESS TOWN
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 
39 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 
OM695872
Status 
Active
Property Tax 
$2,161.03
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoStatus changed to Active
a month agoListing first seen on site
General Features
Acres 
0.37
Additional Property Use 
Commercial
Sewer 
Public Sewer
Utilities 
Cable AvailableElectricity AvailablePhone AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
CBD
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Exterior Features
Frontage 
100
Lot Features 
LevelPaved
Road Frontage 
City Street
View 
City
Waterview 
City
Community Features
Financing Terms Available 
CashConventional
MLS Area 
34450 - Inverness
Roads 
Paved
Township 
19S
Listing courtesy of KELLER WILLIAMS REALTY-ELITE P 3528704622



Listing information is provided by Participants of the Stellar 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. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-04-04 06:53 AM EDT

Neighborhood & Commute
Source: Walkscore
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