#833985, Listing Office: Tropic Shores Realty
Property details
About 116 Dr Martin Luther King Jr Ave
This prime commercial vacant parcel is located in Downtown Inverness adjacent to the Citrus County Sheriff's Office and across the street from the Citrus County Courthouse and is zoned CBD, which allows multi-story development up to a maximum height of 70 feet and six stories. Highest and best uses are multi-family residential, retail, and professional office space. This property is extremely site-prep friendly due to it being mostly cleared and flat and already has an existing curbcut. In addition to being in an X flood zone, the CBD zone allows for an impressive 80% impervious surface ratio. Prospective developers should note that multi-story development would include complimentary views of Henderson Lake, Liberty Park, and the historic Citrus County Courthouse ideal for rooftop venue and/or penthouse concepts. Call today to schedule a tour of the property!
Highlights
Home typeUnimproved Land
StatusActive
Lot size0.37 Acres
MLS #842024
Summary
- MLS Number: 842024
- MLS Name: CitrusCounty
- Office Name: Keller Williams Realty - Elite Partners II
- Office Phone: (352) 419-0200
- Office Email: klrw1129@kw.com
Information is provided by Realtors® Association of Citrus County, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realtors® Association of Citrus County, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/25/2025, 6:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$299,900
116 Dr Martin Luther King Jr Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 10, 2005 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $98,620 | $2,185 |
| 2022 | $98,620 | $2,130 |
| 2021 | $98,620 | $2,130 |
| 2020 | $98,620 | $2,151 |
| 2019 | $98,620 | $2,239 |
| 2018 | $98,620 | $2,254 |
| 2017 | $98,620 | $2,254 |
History based on county public records data.
Nearby schools
4
Inverness Primary School
Public District PK-5
0.6 mi
•206 S Line Ave
5
Pleasant Grove Elementary School
Public District PK-5
1.7 mi
•630 Pleasant Grove Rd
5
Hernando Elementary School
Public District PK-5
5.3 mi
•2975 E Trailblazer Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,811. Typical income of Inverness, FL residents is less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
50%
<35k
42%
35k-100k
5%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
64%
Single, No Kids
6%
Single, with Kids
24%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
5%
12-17 yrs old
13%
18-34 yrs old
38%
35-64 yrs old
36%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
PGA/LPGA
Pro Wrestling
Where do the neighbors shop?
Stein Mart
Kmart
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Sonic
Cracker Barrel
What do the neighbors drive?
Buick
Lincoln
Oldsmobile
What do the neighbors listen to?
Adult Standards
Oldies
News/Talk/Information
All data provided by Home Junction and Claritas
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#834743, Listing Office: Tropic Shores Realty
Frequently asked questions
About 116 Dr Martin Luther King Jr Ave
This home is located at 116 Dr Martin Luther King Jr Ave in Inverness, FL and zip code 34450. Features: 0 bathroom. It has been listed on Rocket Homes since February 25, 2025 and is currently priced at $299,900.
Over 5 listings were sold over their listed price in January 2025 in Inverness, FL. In the same period over 43 listings were sold below the listed price and 11 listings were sold for the listed price. The inventory of homes for sale in Inverness, FL between December and January 2025 increased by 1.7%. The median list price of listings available in January 2025 was $250,000, while the average time on the real estate market was 71 days.
From Rocket Homes Real Estate and based on county public records data.