116 Dr Martin Luther King jr Ave Inverness, FL 34450
Estimated payment $1,704/month
Total Views
31,033
0.37
Acre
$783,514
Price per Acre
16,117
Sq Ft Lot
About This Lot
Positioned in the heart of Downtown Inverness, this vacant commercial parcel offers unmatched visibility directly adjacent to the Citrus County Sheriff’s Office and across from the Citrus County Courthouse. Zoned Central Business District (CBD), the site supports multi-story development of up to 70 feet / six stories, making it an ideal canvas for a wide range of projects. Highlights: Perfect for multi-family residential, retail, or professional office use Site-ready with flat, mostly cleared land and an existing curb cut Located in desirable X flood zone with 80% impervious surface ratio allowance Prime views overlooking Henderson Lake, Liberty Park, and the historic courthouse—ideal for rooftop venues or penthouse concepts This rare downtown opportunity combines flexible zoning, walkable amenities, and outstanding development potential.
Property Details
Property Type
- Land
Lot Details
- 0.37 Acre Lot
- Lot Dimensions are 100 x 162.5
- Rectangular Lot
- Property is zoned CBD
Listing and Financial Details
- Assessor Parcel Number 01070-0030
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,161 | $98,620 | $98,620 | -- |
| 2024 | $2,185 | $98,620 | $98,620 | -- |
| 2023 | $2,185 | $98,620 | $98,620 | $0 |
| 2022 | $2,131 | $98,620 | $98,620 | $0 |
| 2021 | $2,120 | $98,620 | $98,620 | $0 |
| 2020 | $2,152 | $98,620 | $98,620 | $0 |
| 2019 | $2,202 | $98,620 | $98,620 | $0 |
| 2018 | $2,240 | $98,620 | $98,620 | $0 |
| 2017 | $2,254 | $98,620 | $98,620 | $0 |
| 2016 | $2,263 | $98,620 | $98,620 | $0 |
| 2015 | $2,253 | $98,620 | $98,620 | $0 |
| 2014 | $2,528 | $105,665 | $105,665 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2025 09/23/25 | For Sale | $289,900 | -- | -- |
Source: St. Augustine and St. Johns County Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | Dba Crystal River Title | |
| Warranty Deed | -- | Dba Crystal River Title | |
| Warranty Deed | -- | Dba Crystal River Title | |
| Deed | $100 | -- | |
| Deed | $100 | -- |
Source: Public Records
About the Listing Agent
Rich, a seasoned professional in residential and commercial real estate, has been a St. Augustine Beach resident for over two decades, alongside his wife Lauren and their four puppies. His approach to real estate is built on strong communication, up-to-date information, and a no-pressure style, particularly favored by buyers. Rich’s expertise extends to marketing properties for sale, where he leverages his marketing skills to promote listings through unique multi-media channels, maximizing
Rich's Other Listings
Source: St. Augustine and St. Johns County Board of REALTORS®
MLS Number: 255402
APN: 20E-19S-17-0050-01070-0030
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Information is deemed reliable but not guaranteed.
© 2025 St Augustine &
St. Johns County Board of REALTORS®. All rights reserved.
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