CBD Commercial Land
For Sale
$269,000
116 DR MARTIN LUTHER KING JR AVE, Inverness, FL 34450
INVERNESS, FL
Property SizeContact for details
Days on Market63
Property Features for 116 DR MARTIN LUTHER KING JR AVE
General Information
Property type
Land
Property subtype
Other
Standard status
Active
Listing Agency:
Premier Properties · Coldwell Banker Real Estate
(904) 827-1717
Listed By:
Rich O'Brien · License #SL609474
(904) 814-2080
Added: Aug 13
Changed: Aug 19
Last Checked: Oct 14 at 2:06PM
MLS# 255402
Copyright © 2026 Coldwell Banker Schmidt 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 vacant commercial parcel consists of flat, mostly cleared land with an existing curb cut. Central Business District zoning supports development reaching up to 70 feet or six stories, with stated potential for multifamily residential, retail, or professional office uses. The site also permits an 80% impervious surface ratio and is located in an X flood zone.
The property is positioned directly beside the Citrus County Sheriff’s Office and across from the Citrus County Courthouse. Views extend toward Henderson Lake, Liberty Park, and the historic courthouse, adding a defined downtown setting for future development. The parcel is located at 116 Dr Martin Luther King Jr Ave in Inverness, Florida.
The property is positioned directly beside the Citrus County Sheriff’s Office and across from the Citrus County Courthouse. Views extend toward Henderson Lake, Liberty Park, and the historic courthouse, adding a defined downtown setting for future development. The parcel is located at 116 Dr Martin Luther King Jr Ave in Inverness, Florida.
Key Highlights
- Central Business District zoning with development up to 70 feet or six stories
- Flat, mostly cleared commercial parcel with an existing curb cut
- 80% impervious surface ratio allowance
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant, mostly cleared commercial site with an existing curb cut and Central Business District zoning.
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: Central Business District zoning with development up to 70 feet or six stories; Flat, mostly cleared commercial parcel with an existing curb cut; 80% impervious surface ratio allowance
