LKV Realty
Logo
116 DR MARTIN LUTHER KING JR Avenue photo 1
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 2
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 3
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 4
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 5
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 6
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 7
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 8
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 9
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 10
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 11
Loading image116 DR MARTIN LUTHER KING JR Avenue photo 12
$299,900
$1,400Reward *
116 DR MARTIN LUTHER KING JR Avenue, Inverness, FL 34450Listing ID OM695872

116 DR MARTIN LUTHER KING JR Avenue, Inverness, FL 34450

Active
INVERNESS TOWN
Time on site: 545 days • Last updated: Feb 25, 2025
Property Type
Property Type
Land
Property Sub Type
Property Sub Type
Commercial
Acres
Acres
0.37
Days on Site
Days on Site
545

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 Information

Property Details

Location

Address
116 DR MARTIN LUTHER KING JR Avenue
County
Citrus
City
Inverness
Zip Code
34450
Subdivision
INVERNESS TOWN
MLS Area
34450 - Inverness

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$2,161
Tax Year
2024
KELLER WILLIAMS REALTY-ELITE P, (352) 419-0200

Market Report for 34450

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Stellar MLS
Stellar MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

For corrections to this data please contact Brytecore MLS Support.

275502774