1902 Falkner St Inverness, FL 34453
This exceptional 10,125 square foot lot presents a unique opportunity for commercial or residential development. Located at 1902 Falkner Street in Inverness, Florida (zip code 34453), this 0.23-acre parcel is situated within Inverness Acres Unit 2, offering convenient access to local amenities. The property is only 2.4 miles (approximately a 9-minute drive) from a Publix Supermarket and 2.9 miles (approximately an 11-minute drive) from Citrus High School. Directions from US41-S/N: Head west on E. Arlington Street for 0.1 mile, turn left onto N. Crestwood Avenue and travel for 1.1 miles, continue on Milton Street for 0.1 mile, and turn right onto Falkner Street. The lot will be on your right. This property is ideal for a variety of uses, and the owner has multiple lots available for potential bulk sale opportunities, making it an attractive investment for developers seeking multiple parcels. The property is zoned for both commercial and residential use, providing flexibility for various development plans. This is a rare opportunity to acquire a well-located lot in a growing area of Citrus County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.