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Office Suites with Elevator
For Lease
$925-$975/Mo

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

CommercialLease, Inverness, FL

Space SizeContact for details
Lot Size0.36 Acres
Days on Market54

Property Features for 107 Dr Martin Luther King Jr Avenue

General Information

Property type Commercial Lease
Property subtype Office
Subdivision Town of Inverness
Directions Main St/41 S to Dr Martin Luther King Jr across from Citrus County Sheriff Dept and next door to courthouse
Standard status Active
Lot size 0.36 Acres

Taxes and HOA fees

Expense value 1000
Expense SecurityDeposit
Expense freq. One Time

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air
Water source Public

Building Details

Year built 1988
Flooring type Carpet
Listing Agency: Landmark Realty
Listed By: Janet Bega · License #3162684
Added: Aug 17 Changed: Sep 12 Last Checked: Oct 9 at 2:06AM
MLS# 857140

Copyright © 2026 REALTORS Association of Citrus County, Inc. 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.

Park Place Office Suites offers office units with carpeted interiors, reception areas, bathrooms, and separate offices within each suite. Available spaces include Suite #2 and Suite #3 downstairs, along with Suite #6 upstairs. Each suite is separately metered for electricity, while water and trash are included in the lease. The building is equipped with a passenger elevator and provides ample parking.

The property sits on a 0.36-acre site at 107 Dr Martin Luther King Jr Avenue in Inverness, Florida. Constructed in 1988, the building is served by public water and public sewer and features central air conditioning and electric central heating. The office layout supports professional users seeking defined workspace with shared building access and on-site parking.

Key Highlights

  • Suite #2, Suite #3, and Suite #6 available across downstairs and upstairs locations
  • Reception area, bathroom, and separate offices in every suite
  • Separate electric meters for all suites

Property Analytics

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Current Use

employU Charitable Organization Liberty Court Reporting Law Firm Christopher J. Smith, ... Law Firm SMA Outpatient - Inverness Medical Clinic Citrus County Drug ... County Government Office

Suggested Use

Top Pick Auto Parts Store Parking Lot & Garage Building Supply Kitchen & Bath Showroom HVAC Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,067
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Inverness, FL

$20.92 /SF/Yr
Avg Asking Price
$3.97–$28.13 /SF/Yr
Price Range
1,489 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Individual suites offer reception areas, private offices, bathrooms, and separate electric meters.
Where is this office units located?
The property is located at 107 Dr Martin Luther King Jr Avenue Inverness, FL.
What is the lease rate?
The lease rate is $925/Mo.
What are key features of this property?
This property features: Suite #2, Suite #3, and Suite #6 available across downstairs and upstairs locations; Reception area, bathroom, and separate offices in every suite; Separate electric meters for all suites
More about this property
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