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

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For Sale

$309,000

0.37 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Vacant Land
    Property type

  • 0.4 acres
    Lot size

Explore this Property

Prime development lot located in the city limits of Historic Downtown Inverness! This .37 acre parcel is located in the Central Business District, offering zero lot lines with a maximum of 80% impervious lot coverage and a maximum building height of 70' from grade, allowing for up to 3 stories of building improvements. This parcel has an excellent location adjoining the Citrus County Sheriff's Office and across the street from the Citrus County CourtHouse, Citrus County Tax Collector and Property Appraisers, with access to offsite city parking, Wallace Brooks and Liberty Parks boarding Lake Henderson (The Depot District) and the Withlacoochee State Trail, a 46-mile long paved, multi-use, non-motorized rail trail in Florida located in Citrus, Hernando and Pasco counties which attracts cyclist and tourist worldwide. Within walking distance from CourtHouse Square and a multitude of local boutiques, restaurants and businesses. Permitted uses in the CBD district include professional office, retail, restaurants and so much more. The City of Inverness is a vastly growing municipality favorable for development and growth with 70,000 local visitors in peak season and located in Citrus County part of the Tampa-St Petersburg MSA, the 18th Largest in the nation. With a population of 155,582 residences and growing annually at a rate of 1.29%, Citrus is the 34th largest county in the State of Florida. Citrus County is large and land barren, with over 60,000 vacant parcels green-lighted for development, plans to expand utilities across the county, and further improving and widening of several cross connecting highways, including the newly completed extension of the 589-Toll Road to SR-44 with further expansion to CR-486 (FY 2023).
MLS# 817111

Listed By CENTURY 21 J W Morton Real Estate, Inc.

Property Features

  • Exterior Description
    Other
  • Lot Size
    0.37 Acres
  • Style
    Other Style

Map and Directions

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

Home seller Meet the Agent,
Elias Kirallah

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Elias Kirallah

of CENTURY 21 J W Morton Real Estate, Inc.

(352) 247-2114
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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