$750,000
$812,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
2,460 SqFt
SOLD DATE : 04/19/2023
Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,460 sqft
Price per Sqft $304
MLS Listing ID OM650433
Sold Date 04/19/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 1987
Annual Tax Amount $4,317
Lot Size 30.050 Acres
Acres 30.05
Property Description
Now available is a 30.05 acre golf course with tremendous redevelopment potential in Inverness, Florida. Located at the county seat, less than 23 miles from Crystal River, and under 5 miles from downtown Inverness, this property has an easy commute to I-75 in just 12 miles . The primary land-use of PDR allows for single-family residential, recreational, and some limited commercial/industrial use (with approval: Nursing Homes, Assisted Living Facilities, Veterinarian office/hospitals, grocery store, mini warehouse and boat/RV storage). Current demand suggests the highest and best use of the subject property for Multi Family/Apartments. Desirable zoning with approval by Citrus County would include MDR (Medium Density Residential) allowing up to 8 units per acre with lot coverage percentages of 40% for single-family detached dwelling, 50% for single-family attached dwelling, and 60% for apartments ) and HDR (High Density Residential allowing up to 20 units per acre with a lot coverage percentage of 55% ). The opportunity has the potential to develop between 144 and 330 unit apartments. Citrus County is located on the West Central coast of the U.S. State of Florida, home to 155,582 residents with a growth rate of 1.29% in the past year, according to the most recent U.S. census data. Get in on this amazing opportunity in an emerging market! Just 1 hour and 15 mins from the Tampa Saint-Petersburg MSA, the 18th largest metropolitan area in the United States.
Location
State FL
County Citrus
Zoning PDR
Interior
Cooling Central Air
Exterior
Waterfront true
Waterfront Description Canal - Brackish
View Y/N 1
Building
Foundation Slab
Lot Size Range 20 to less than 50
Structure Type Stucco
New Construction false
Others
Ownership Corporation
Special Listing Condition None
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Bought with CENTURY 21 J.W.MORTON R.E.
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