116 DR MARTIN LUTHER KING JR AVENUE, INVERNESS FL 34450
INVERNESSMap
| Price | $309,000.00 |
| Listing ID | OM651311 |
| Status | For Sale |
| Address Map |
116 DR MARTIN LUTHER KING JR AVENUE, INVERNESS FL 34450 |
| Area | INVERNESS |
| Beds | |
| Baths | |
| Square Ft | |
| Lot Size | 16,250 |
| Taxes | $2,131 |
Description
Prime development lot located in the city limits of Historic Downtown Inverness! This .37 acre parcel is located in the Central Business District, offering zero lot lines with a maximum of 80% impervious lot coverage and a maximum building height of 70’ from grade, allowing for up to 3 stories of building improvements. This parcel has an excellent location adjoining the Citrus County Sheriff’s Office and across the street from the Citrus County CourtHouse, Citrus County Tax Collector and Property Appraisers, with access to offsite city parking, Wallace Brooks and Liberty Parks boarding Lake Henderson (The Depot District) and the Withlacoochee State Trail, a 46-mile long paved, multi-use, non-motorized rail trail in Florida located in Citrus, Hernando and Pasco counties which attracts cyclist and tourist worldwide. Within walking distance from CourtHouse Square and a multitude of local boutiques, restaurants and businesses. Permitted uses in the CBD district include professional office, retail, restaurants and so much more. The City of Inverness is a vastly growing municipality favorable for development and growth with 70,000 local visitors in peak season and located in Citrus County part of the Tampa-St Petersburg MSA, the 18th Largest in the nation. With a population of 155,582 residences and growing annually at a rate of 1.29%, Citrus is the 34th largest county in the State of Florida. Citrus County is large and land barren, with over 60,000 vacant parcels green-lighted for development, plans to expand utilities across the county, and further improving and widening of several cross connecting highways, including the newly completed extension of the 589-Toll Road to SR-44 with further expansion to CR-486, set to be completed by early 2023. Logistic Details: County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side. County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest, and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491. County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these type of 'coastal spur' routes, in West Central Florida, it is county maintained. U. S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U. S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Hwy constructed from Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.