$299,900

116 Dr Martin Luther King jr Ave Inverness, FL 34450

Estimated payment $1,840/month

Total Views 3,368
0.37 Acre
$810,541 Price per Acre
16,117 Sq Ft Lot

Highlights

  • City View
  • High Speed Internet
  • 3-minute walk to Wallace Brooks Park
  • No HOA
  • Level Lot

About This Lot

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!

Listing Agent

Louis 'Lou' Newman

KELLER WILLIAMS REALTY-ELITE P Brokerage Phone: 352-419-0200 License #3411168 Listed on: 02/24/2025

KELLER WILLIAMS REALTY-ELITE P

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,161

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 100x162
  • Level Lot
  • Property is zoned CBD

Property Views

  • City Views

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Inverness Town Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 107
  • Assessor Parcel Number 20E-19S-17-0050-01070-0030

Property Details

Property Type

Land

Est. Annual Taxes

$2,161

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16250
  • Directions to Property: From Northbound US HWy 41, turn onto Dr. Martin Luther King Jr. Ave. Property is on the right adjacent to the Citrus County Sheriff's Office parking lot.
  • Status: Active
  • Ownership: Fee Simple
  • Escrow City: Spring Hill
  • Escrow Postal Code: 34606
  • Escrow State: FL
  • Escrow Street Name: Spring Hill Dr.
  • Escrow Street Number: 5438
  • List Office Head Office Key Nume: 1043966
  • RATIO Current Price By Calculate: 18.46
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 352-419-0200
  • Tax Year: 2024
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 116

Exterior Features

  • Road Frontage Type: City Street
  • View: City
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Price Per Acre: 810541

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Public, Sewer Available, Street Lights, Water Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: CBD
  • Parcel Number: 20E-19S-17-0050-01070-0030
  • Additional Parcels: No
  • Current Use: Commercial
  • Lot Features: Buildable, Central Business District, City Limits, Level, Sidewalk, Street Lights, Paved
  • Lot Dimensions: 100x162
  • Flood Zone Code: x
  • Lot Size Square Meters: 1510
  • Current Adjacent Use: Vacant

Tax Info

  • Tax Annual Amount: 2161.03
  • Tax Block: 107
  • Tax Book Number: 1-36
  • Tax Lot: 3

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
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 Change Sq Ft Price
02/19/2025 02/19/25 For Sale $299,900 -- --
Source: Stellar MLS

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

Source: Stellar MLS

MLS Number: OM695872

Stellar MLS

APN: 20E-19S-17-0050-01070-0030

Florida Citrus County Inverness 34450

116 Dr Martin Luther King jr Ave, Inverness, FL

This home is located at 116 Dr Martin Luther King jr Ave, Inverness, FL 34450 and is currently priced at $299,900. 116 Dr Martin Luther King jr Ave is a home located in Citrus County with nearby schools including Inverness Primary School, Inverness Middle School, and Citrus High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Louis 'Lou' Newman
Listing Agent
Louis 'Lou' Newman
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KELLER WILLIAMS REALTY-ELITE P
(352) 605-7374