116 Dr Martin Luther King Jr Ave, Inverness, FL 34450

--beds

--baths

0.37Acres

Unimproved Land

Built in ----

0.37 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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.

301 days

43

1

Facts & features

Property

Lot

Size: 0.37 Acres
Dimensions: 100 x 162.5
Features: Regular, 1/4 to 1/2 Acre

Details

Parcel number: 010700030
Zoning: CBD

Community & HOA

Community

Subdivision: Not Available-Other

HOA

Has HOA: No

Location

Region: Inverness

Financial & listing details

Tax assessed value: $98,620
Annual tax amount: $2,151
Price range: $269K - $269K
Date on market: 9/23/2025

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
3/12/2026	Price change	$269,000-7.2%
Source: St Augustine St Johns County BOR #255402 Report a problem
9/23/2025	Listed for sale	$289,900-3.3%
Source: St Augustine St Johns County BOR #255402 Report a problem
8/14/2025	Listing removed	$299,900
Source: Realtors Association of Citrus County #842024 Report a problem
2/25/2025	Listed for sale	$299,900-2.9%
Source: Realtors Association of Citrus County #842024 Report a problem
4/10/2024	Listing removed	--
Source: Realtors Association of Citrus County #817111 Report a problem
1/31/2023	Pending sale	$309,000
Source: Realtors Association of Citrus County #817111 Report a problem
10/5/2022	Listed for sale	$309,000+16.6%
Source: Realtors Association of Citrus County #817111 Report a problem
8/7/2022	Listing removed	--
Source: Owner Report a problem
5/9/2022	Listed for sale	$265,000+76.7%
Source: Owner Report a problem
8/10/2005	Sold	$150,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,151 -0.5%	$98,620
2024	$2,161 -1.1%	$98,620
2023	$2,185 +2.5%	$98,620
2022	$2,131 +0.5%	$98,620
2021	$2,120 -1.5%	$98,620
2020	$2,152 -2.3%	$98,620
2019	$2,202 -1.7%	$98,620
2018	$2,240	$98,620
2017	$2,240 -0.6%	$98,620
2016	$2,254 -0.4%	$98,620
2015	$2,263 +0.4%	$98,620 -6.7%
2014	$2,253 +102.3%	$105,665 +63.1%
2006	$1,114 +1390.4%	$64,800 +129.8%
2005	$75 +28.2%	$28,200 +2.9%
2004	$58 +29.5%	$27,400 +1.9%
2003	$45 +42.3%	$26,900 +2.3%
2002	$32 +542.7%	$26,300 +4.4%
2000	$5	$25,200

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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