CBD Commercial
For Sale
$269,000
116 Dr Martin Luther King Jr Ave, Inverness, FL 34450
LOTS AND LAND, INVERNESS, FL
Property SizeContact for details
Lot Size0.37 Acres
Days on Market341
Property Features for 116 Dr Martin Luther King Jr Ave
General Information
Property type
Land
Property subtype
Other
Zoning
CBD
Subdivision
Not Available-Other
Lot features
Regular
Directions
From US-41, turn North onto Dr Martin Luther King Jr Ave in Inverness. Property is located across the street from the Citrus County Courthouse.
Standard status
Active
APN
01070-0030
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
TOWN OF INVERNESS PB 1 PG 36 LOT 3 BLK 107
Legal Description
TOWN OF INVERNESS PB 1 PG 36 LOT 3 BLK 107
Listing Agency:
Coldwell Banker Premier Properties (A1A Beach) · Coldwell Banker Real Estate
(904) 471-5000
Listed By:
Richard O'Brien
(904) 814-2080
Added: Sep 23, 2025
Changed: Aug 19
Last Checked: Aug 29 at 7:06PM
MLS# 255402
Copyright © 2026 St. Augustine & St. John's County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.37-acre commercial land parcel is located in downtown Inverness and is zoned Central Business District (CBD). The site is flat and mostly cleared, with an existing curb cut and an 80% impervious surface ratio allowance. Development may reach 70 feet or six stories, subject to applicable requirements, and the stated use potential includes multifamily residential, retail, and professional office projects.
The parcel is directly beside the Citrus County Sheriff's Office and across from the Citrus County Courthouse. It occupies an X flood zone and offers views toward Henderson Lake, Liberty Park, and the historic courthouse. The property is also described as walkable to downtown amenities, with elevated development concepts identified in the source information.
The parcel is directly beside the Citrus County Sheriff's Office and across from the Citrus County Courthouse. It occupies an X flood zone and offers views toward Henderson Lake, Liberty Park, and the historic courthouse. The property is also described as walkable to downtown amenities, with elevated development concepts identified in the source information.
Key Highlights
- 0.37‑acre commercial parcel in downtown Inverness
- Central Business District (CBD) zoning
- Development parameters allow up to 70 feet / six stories
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 34450, FL
10,788
Population
6,642
Households
1.6
Avg Household Size
59
Median Age
25%
College-Educated
92%
High-School Grad
31.2 sq mi
ZIP Area
346
Density / Sq Mi
$48,955
Median Household Income
$39,409
Median Earnings
$973
Median Rent
$210,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant CBD-zoned parcel with a curb cut, a mostly cleared site, and approved development parameters for downtown uses.
Where is this commercial land located?
The property is located at 116 Dr Martin Luther King Jr Ave Inverness, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 0.37‑acre commercial parcel in downtown Inverness; Central Business District (CBD) zoning; Development parameters allow up to 70 feet / six stories
