116 Dr. Martin Luther King Jr Ave, INVERNESS, FL 34450 | MLS #255403 | Berkshire Hathaway HomeServices Florida Network Realty
Maria Wilkes

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Listing provided courtesy of Coldwell Banker Premier Properties (A1A Beach)- MLS# 255403MLS Provider

116 Dr. Martin Luther King Jr AveINVERNESS, FL 34450

Commercial · 0.37 Acres
$269,000 Active

116 Dr. Martin Luther King Jr Ave Overview

Time on Site:
280 days
Visits:
7

Positioned in the heart of Downtown Inverness, this vacant commercial parcel offers unmatched visibility directly adjacent to the Citrus County Sheriff's Office and across from the Citrus County Courthouse. Zoned Central Business District (CBD), the site supports multi-story development of up to 70 feet / six stories, making it an ideal canvas for a wide range of projects. Highlights: Perfect for multi-family residential, retail, or professional office use Site-ready with flat, mostly cleared land and an existing curb cut Located in desirable X flood zone with 80% impervious surface ratio allowance Prime views overlooking Henderson Lake, Liberty Park, and the historic courthouse—ideal for rooftop venues or penthouse concepts This rare downtown opportunity combines flexible zoning, walkable amenities, and outstanding development potential.

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116 Dr. Martin Luther King Jr Ave Facts & Features

  • Type Commercial
  • Lot 0.37 Acres

Details

General

Business Information

  • Business Name: 100 x 162.5 Commercial Lot
  • Business Type: Vacant Lot across from Courthouse

Location/Region

  • County Or Parish: Citrus
  • MLS Area Major: 30 - All Other Areas

General Information

  • Parcel Number: 01070-0030
  • Property Sub Type: Land
  • Property Type: COMMERCIAL/INDUSTRIAL

Interior

Beds/Baths

  • Bathrooms Full: 0

Exterior

Lot Information

  • Lot Size Acres: 0.37
  • Lot Size Dimensions: 100 x 162.5
  • Lot Size Square Feet: 16250

116 Dr. Martin Luther King Jr Ave Neighborhood

Community

34450 (INVERNESS) Demographics

59
Median Age
313
Population Density (per sq. mile)
33%
College Educated
$38,600
Estimated Median Income
4,004
Estimated Total Home Owners
1,214
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

116 Dr. Martin Luther King Jr Ave Monthly Cost

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Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

116 Dr. Martin Luther King Jr Ave Market Data

Based on the last 30 days in this zip code

$316,417
Average List Price
$197
Average Price per Square Foot
10
Properties Sold
100
Average Days on Market
76
Properties for Sale
Calculations provided by Reliance Network

116 Dr. Martin Luther King Jr Ave History

Date Event Value Agent
3/12/2026Source: St. Johns/St. Augustine MLS Price Reduction
$269,000 -7.2%
9/23/2025Source: St. Johns/St. Augustine MLS Added to Database
September 23, 2025