PRICED AT ONLY: $299,900
Address: 116 Dr Martin Luther King Jr Avenue, Inverness, FL 34450
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!
Property Location and Similar Properties
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- MLS#: 842024 ( Land )
- Street Address: 116 Dr Martin Luther King Jr Avenue
- Viewed: 35
- Price: $299,900
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 197
- Additional Information
- County: CITRUS
- City: Inverness
- Zipcode: 34450
- Subdivision: Town Of Inverness
- Elementary School: Inverness Primary
- Middle School: Inverness
- High School: Citrus
- Provided by: Keller Williams Realty - Elite Partners II
- DMCA Notice
Features
Building and Construction
- Covered Spaces: 0.00
- Living Area: 0.00
Land Information
- Lot Features: Flat
School Information
- High School: Citrus High
- Middle School: Inverness Middle
- School Elementary: Inverness Primary
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Road Frontage Type: CityStreet
- Sewer: PublicSewer
- Utilities: HighSpeedInternetAvailable
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2024
- Trash Expense: 0.00
Other Features
- Legal Description: TOWN OF INVERNESS PB 1 PG 36 LOT 3 BLK 107
- Area Major: 07
- Occupant Type: Vacant
- Parcel Number: 1756367
- Possession: Closing
- Possible Use: Commercial
- The Range: 0.00
- Views: 35
- Zoning Code: CBD
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- Provided by ERA American Suncoast Realty
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- DMCA Notice
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
