Property profile & analytics
116 Dr Martin Luther King Jr Ave Inverness, FL 34450
This commercial parcel is located in Downtown Inverness, Florida, adjacent to the Citrus County Sheriff's Office and across the street from the Citrus County Courthouse. It is zoned CBD, allowing multi-story development up to a maximum height of 70 feet and six stories. Potential uses include multi-family residential, retail, and professional office space. The property is mostly cleared and flat, with an existing curbcut. Located in an X flood zone, the CBD zone allows for an 80% impervious surface ratio. Multi-story development could include views of Henderson Lake, Liberty Park, and the historic Citrus County Courthouse. The lot size is 0.37 acres.
- Retail properties
- 1,253 SF
- 0.37 lot acres
For Sale
View listing
$289,900
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US18-5303538
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Retail properties
Property Details for 116 Dr Martin Luther King Jr Ave
- Year built
- 1940
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.37 lot acres
- Property size
- 1,253 SF
- Zone code
- CBD CENTRAL BUSINESS DIST
- Property type
- Retail properties
- APN
- 20E-19S-17-0050-01070-003.0
- APU
- 20E19S170050010700030
Property Overview
This commercial parcel is located in Downtown Inverness, Florida, adjacent to the Citrus County Sheriff's Office and across the street from the Citrus County Courthouse. It is zoned CBD, allowing multi-story development up to a maximum height of 70 feet and six stories. Potential uses include multi-family residential, retail, and professional office space. The property is mostly cleared and flat, with an existing curbcut. Located in an X flood zone, the CBD zone allows for an 80% impervious surface ratio. Multi-story development could include views of Henderson Lake, Liberty Park, and the historic Citrus County Courthouse. The lot size is 0.37 acres.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.3285
- Latitude
- 28.8371
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,185
$98,620
$0.00
$98,620
-
$98,620
$0.00
$98,620
