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Rob West & Jayme Stenger

Engel & Völkers

rob.west@evrealestate.com +1(407) 529-9919

$ 299,900

Est. payment -/mo

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116 DR MARTIN LUTHER KING JR AVE Inverness, FL 34450

0.37 Acres Lot

UPDATED:

02/25/2025 04:17 PM

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

Listed by KELLER WILLIAMS REALTY-ELITE P

Rob West & Jayme Stenger

Broker | BKBK3019165

+1(407) 529-9919

Rob West & Jayme Stenger

116 DR MARTIN LUTHER KING JR AVE Inverness, FL 34450

Key Details

Location

Exterior

Building

Others

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116 DR MARTIN LUTHER KING JR AVE