Inverness Acreage Parcel B

Vacant Land for Sale
Catylist Listing ID: 30739369
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 10.04 Acres
Sale Price: $400,000
Unit Price: $39,840 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/25/2021

Overview / Comments

Situated a few traffic lights from Downtown Inverness are 10 acres of prime development opportunity! Parcel B includes approximately 10 acres of Medium High Density Residential.​ Parcel B is a perfect space for (4) single-family units per acre permitted by the Citrus County Land Development Code.​ This location was also planned for development that included (27) buildings that consisted of (54) duplex units in total.​ This lot is wedged between the subdivisions of Heron Woods and Windermere.​ Benefits of the surrounding area include a traffic count of 15,500 and less than 20 minutes from I-75 in Wildwood! Citrus County will undergo a dramatic surge of population and spending once the construction of the $135 Suncoast Parkway extension is completed early next year.​ Parcel A and Parcel B can be sold either seperatley or together.​ This is your opportunity to invest in a prime development project!

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Taxing Authority: Citrus County Tax Collector
Tax ID/APN: 20E19S07 11000
Zoning: MDR
Property Visibility: Good
Legal Description: COM AT NW COR OF LT 78 WHITE LAKE UNIT 2, TH S 0 DEG 17M E AL W LN OF LT 78 193.74 FT TO PT ON S R/W LN OF WHITE LAKE BLVD, TH S 89 DEG 12M 34S E AL R
Largest Nearby Street: US HWY 41
Traffic/Vehicle Count: 15,500
Lot Frontage: 485
Lot Depth: 948
Zoning Description: Medium Density Residential
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,385 17,652 32,027
Median Age: 56.58 51.35 53.04
Households: 1,261 7,910 14,403

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