CBD Commercial
For Sale
$269,000
116 Dr. Martin Luther King Jr Ave, Inverness, FL 34450
COMMERCIAL/INDUSTRIAL, INVERNESS, FL
Property SizeContact for details
Lot Size0.37 Acres
Days on Market345
Property Features for 116 Dr. Martin Luther King Jr Ave
General Information
Property type
Commercial Sale
Property subtype
Other
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.
Subdivision
30 - All Other Areas
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: Sep 2 at 1:06AM
MLS# 255403
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 zoned Central Business District (CBD) and consists of flat, mostly cleared ground with an existing curb cut. The zoning permits development up to 70 feet or six stories, with source-supported use possibilities including multifamily residential, retail, and professional office projects. The site also carries an 80% impervious surface ratio allowance and is identified within the X flood zone.
The parcel is in Downtown Inverness, directly adjacent to the Citrus County Sheriff's Office and across from the Citrus County Courthouse. Its elevated views extend toward Henderson Lake, Liberty Park, and the historic courthouse, providing a defined setting for development concepts that may incorporate rooftop or penthouse elements.
The parcel is in Downtown Inverness, directly adjacent to the Citrus County Sheriff's Office and across from the Citrus County Courthouse. Its elevated views extend toward Henderson Lake, Liberty Park, and the historic courthouse, providing a defined setting for development concepts that may incorporate rooftop or penthouse elements.
Key Highlights
- 0.37‑acre commercial land parcel
- 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 - Flat, mostly cleared parcel with an existing curb cut and multi-story development parameters.
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 land parcel; Central Business District (CBD) zoning; Development parameters allow up to 70 feet / six stories
