116 Dr Martin Luther King Jr Avenue, Inverness, FL 34450

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116 Dr Martin Luther King Jr Avenue,Inverness, FL 34450
$299,900
  • 0.37 Acres
  • Lots / Land
  • Active
Listed by:louis newman
Office:keller williams realty - elite partners ii
MLS#:842024
Source:FL_CMLS

Price summary

  • Price:$299,900

About this home

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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Home facts

  • Listing Id #:842024
  • Added:170 day(s) ago
  • Updated:August 13, 2025 at 02:26 PM

Structure and exterior

  • Lot area:0.37 Acres

Schools

  • High school:Citrus High
  • Middle school:Inverness Middle
  • Elementary school:Inverness Primary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$299,900
  • Tax amount:$2,162 (2024)
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed accurate by the MLS, and Copyright 2025 Cheyenne MLS.

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