Listing Courtesy of: 
STELLAR as distributed by MLS GRID / Listed By: Elias Kirallah, Century 21 J W Morton Real Estate, Inc.
STELLAR as distributed by MLS GRID / Listed By: Elias Kirallah, Century 21 J W Morton Real Estate, Inc. 2322 W Main Street Inverness, FL 34452
Active (207 Days)
$509,250 (USD)
6.41
ACRES
Description
MLS #:
CC853966
CC853966
Taxes
$2,603(2025)
$2,603(2025)
Lot Size
6.41 acres
6.41 acres
Type
Land
Land
County
Citrus County
Citrus County
Listed By
Elias Kirallah, Century 21 J W Morton Real Estate, Inc.
Source
STELLAR
Last checked Nov 11 2026 at 1:48 AM GMT+0000
STELLAR
Last checked Nov 11 2026 at 1:48 AM GMT+0000
Bathroom Details
Lot Information
- Wooded
Utility Information
- Utilities: Water Source: Public
- Sewer: Public Sewer
School Information
- Elementary School: Inverness Primary School
- Middle School: Inverness Middle School
- High School: Citrus High School
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 J W Morton Real Estate, Inc. and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 11/10/26 17:48
Based on information submitted to the MLS GRID as of 11/11/2026 01:48. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Centrally located within the City of Inverness, this ±6.41-acre development site presents a compelling opportunity for multifamily or alternative residential development in a supply-constrained submarket. The property is zoned R-3 Residential, allowing for up to 10 units per acre with building heights up to three stories, supporting a range of development concepts including garden-style apartments, workforce housing, and senior-oriented residential product. The site benefits from city water and sewer access via a designated easement, supporting current density allowances and providing a pathway for potential increased density through future zoning considerations.
Positioned just off SR 44 / Gulf to Lake Highway (±28,000 AADT) and within city limits, the site offers strong accessibility and connectivity to the surrounding region. The property is in close proximity to key demand drivers, including Citrus Memorial Hospital, Publix, and the upcoming Aldi, as well as the Downtown Inverness Square, which features a variety of restaurants, boutiques, and local retail. Nearby recreational amenities such as Whispering Pines Park and the Tsala Apopka Chain of Lakes further enhance the overall livability and appeal of the location. The site is also within a 15-minute drive of Lecanto, Hernando, and Floral City, expanding its reach across the greater Citrus County area.
From a rental perspective, the Inverness submarket continues to demonstrate stable performance supported by limited rental supply within a predominantly owner-occupied environment. One-bedroom units ranging from approximately 600 to 800 square feet achieve rents between $900 and $1,150 per month, while two-bedroom units ranging from approximately 850 to 1,100 square feet achieve rents between $1,050 and $1,350 per month. These rent levels align with the area’s income profile and reflect a value-driven tenant base, while the constrained inventory of rental housing supports consistent demand and reliable absorption for new development.
The broader market is influenced by a significant concentration of retirement and senior households, creating sustained demand for workforce housing, downsized living, and assisted or independent living concepts, further reinforcing the viability of multiple residential development strategies at the subject property.
Citrus County, with a 153,600 +/- residents, with long-term planning capacity for approximately 350,000 residents under the county’s Land Development Code. Continued residential expansion, infrastructure investment, and regional economic development are driving increased demand for healthcare, service, and retail facilities throughout the county.