116 DR MARTIN LUTHER KING JR AVE new Save Request In-Person Tour Request Virtual Tour
Inverness,FL 34450
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Inverness Town
MLS Listing ID OM695872
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $2,161
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 100x162
Property Sub-Type Commercial
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!
Location
State FL
County Citrus
Community Inverness Town
Zoning CBD
Exterior
Utilities Available BB/HS Internet Available,Cable Available,Electricity Available,Phone Available,Public,Sewer Available,Street Lights,Water Available
View City
Building
Lot Description Buildable,Central Business District,City Limits,Level,Sidewalk,Street Lights,Paved
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM695872