$309,000

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

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).

General Information

Bedrooms: NULL
Total Square Feet: 16250.00 Sq. Ft.
Price: $309000.00
Property Type: Land
Bathrooms: 0
Lot Size: 0.3700 Acres
Year Built: NULL
Style: NULL

Building and Construction

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School Information

Elementary School: Inverness Primary
Middle School: Inverness Middle
High School: Citrus High

Other Property Info

City: Inverness
State: FL
Area: 
Subdivision: Town of Inverness
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HOA Information

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Listing Provider

Courtesy of: Century 21 J.W.Morton R.E.
Data Source:
MLS ID: 817111

Listing Information

Added to Site: 

Details

ID : 55789
Price : $309,000
Property Type : Land
Status : Active
Bedrooms : NULL
Bathrooms : 0
Area : 0.3700 Sq. Ft.
Address : 116 Dr Martin Luther King Jr Avenue
State : FL
Zip Code : 34450
City : Inverness
Country : 817111

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