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Listed by Louis Newman • Keller Williams Realty - Elite Partners II
$299,900
Est. payment /mo
0.37 Acres Lot
Active
116 Dr Martin Luther King Jr AVE Inverness, FL 34450
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Town Of Inverness
MLS Listing ID 842024
HOA Y/N No
Annual Tax Amount $2,162
Tax Year 2024
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Unimproved Land
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
Area 07
Zoning CBD
Interior
Fireplace No
Exterior
Utilities Available High Speed Internet Available
Water Access Desc Public
Building
Lot Description Flat
Sewer Public Sewer
Water Public
Schools
Elementary Schools Inverness Primary
Middle Schools Inverness Middle
High Schools Citrus High
Others
Tax ID 1756367
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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