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- 116 Dr Martin Luther King Jr Avenue, INVERNESS, FL 34450
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- MLS#: OM695872 ( Land )
- Street Address: 116 Dr Martin Luther King Jr Avenue
- Viewed: 82
- Price: $299,900
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 45
- Additional Information
- Geolocation: 28.8372 / -82.3288
- County: CITRUS
- City: INVERNESS
- Zipcode: 34450
- Subdivision: Inverness Town
- Provided by: KELLER WILLIAMS REALTY-ELITE P
- Contact: Louis Newman
- 352-419-0200
- DMCA Notice
-
DescriptionThis 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!
Property Location and Similar Properties
All
Similar
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Country
- US
Covered Spaces
- 0.00
Current Use
- Commercial
Garage Spaces
- 0.00
Insurance Expense
- 0.00
Legal Description
- TOWN OF INVERNESS PB 1 PG 36 LOT 3 BLK 107
Living Area
- 0.00
Lot Features
- Buildable
- Central Business District
- City Limits
- Level
- Sidewalk
- Street Lights
- Paved
Area Major
- 34450 - Inverness
Net Operating Income
- 0.00
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 20E-19S-17-0050-01070-0030
Property Type
- Land
Road Frontage Type
- City Street
Sewer
- Public Sewer
Tax Year
- 2024
Township
- 19S
Utilities
- BB/HS Internet Available
- Cable Available
- Electricity Available
- Phone Available
- Public
- Sewer Available
- Street Lights
- Water Available
View
- City
Views
- 82
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/OM695872
Water Source
- Public
Zoning Code
- CBD

Listing Data ©2025 Greater Fort Lauderdale REALTORS®
Listings provided courtesy of The Hernando County Association of Realtors MLS.
Listing Data ©2025 REALTOR® Association of Citrus County
Listing Data ©2025 Royal Palm Coast Realtor® Association
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Datafeed Last updated on April 11, 2025 @ 12:00 am
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