Vacant Multifamily Development
For Sale
$64,900
532 W G Martinelli Blvd, Citrus Springs, FL 34434
Vacant lot suited for a duplex or triplex, with power and water nearby and a completed boundary survey.
Property SizeContact for details
Lot Size0.62 Acres
Days on Market606
Property Features for 532 W G Martinelli Blvd
General Information
Standard status
Active
Lot size
0.62 Acres
Property subtype
Land
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$518
Listing Agency:
Plex Real Estate LLC
(352) 697-0770
Listed By:
Walter Engelken Jr. · License #3343116
(352) 697-0770
Source:
Exprealty
Added: Jan 3, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Plex Real Estate LLC
Investment Insights
Based on property information with market context.
This is a vacant residential lot that can support a duplex or triplex configuration, depending on the final site plan. The property is listed as a multifamily development option and includes a boundary survey already completed, helping streamline early planning and layout work. Utilities are noted as available nearby, with power and water in the vicinity of the lot.
The lot is located in Citrus Springs, an area described as actively growing and seeing new construction. The public remarks also note that Citrus Springs allows up to 6 units per acre, which provides a clear density framework for multifamily development. The Ocala area is referenced as being within a short drive.
For buyers seeking to develop a small multifamily project, this site offers a practical starting point with survey work already done and key services indicated nearby. The ability to build up to the local density guidance makes it suitable for considering a triplex or duplex design on a single parcel. As with any development effort, final feasibility will depend on confirmed utility availability at the site and approvals through the local permitting process.
The lot is located in Citrus Springs, an area described as actively growing and seeing new construction. The public remarks also note that Citrus Springs allows up to 6 units per acre, which provides a clear density framework for multifamily development. The Ocala area is referenced as being within a short drive.
For buyers seeking to develop a small multifamily project, this site offers a practical starting point with survey work already done and key services indicated nearby. The ability to build up to the local density guidance makes it suitable for considering a triplex or duplex design on a single parcel. As with any development effort, final feasibility will depend on confirmed utility availability at the site and approvals through the local permitting process.
Key Highlights
- Vacant 0.62‑acre lot suited for duplex or triplex development in Citrus Springs
- Power and water are near the lot
- Completed boundary survey already done for the multifamily land
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 34434, FL
9,582
Population
4,559
Households
2.1
Avg Household Size
47
Median Age
17%
College-Educated
90%
High-School Grad
26.3 sq mi
ZIP Area
364
Density / Sq Mi
$56,553
Median Household Income
$35,245
Median Earnings
$1,226
Median Rent
$211,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant lot suited for a duplex or triplex, with power and water nearby and a completed boundary survey.
Where is this residential land & home lot located?
The property is located at 532 W G Martinelli Blvd Citrus Springs, FL.
What is the asking price?
The asking price for this property is $64,900.
What are key features of this property?
This property features: Vacant 0.62‑acre lot suited for duplex or triplex development in Citrus Springs; Power and water are near the lot; Completed boundary survey already done for the multifamily land
