2322 W Main Street, Inverness, FL 34452 - The House 4 You

$509,250

6.41-Acre Multifamily Development Site | Inverness, FL | Zoned R-3 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… Read More 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. Read Less

Courtesy of Elias Kirallah, Century 21 J.W.Morton R.E. 352-400-2635.

Listing Snapshot

Days Online

103

Last Updated

Jul 26, 2026

Property Type

UnimprovedLand

Lot Size

6.41 Acres

MLS Number

853966

Additional Details

Property Access

Frontage Type: CityStreet, Road Surface: Paved

Lot

6.41 acres, Dimensions: 330x650, Acreage, Trees

Sewer

PublicSewer

Taxes

Additional parcels description:, Parcel Number: 3323556, Annual Amount: $2,602.66, Legal Description: FLETCHER HEIGHTS PB 1 PG 41 PT OF E1/2 OF LOT 57 E OF SCL RR R/W TITLE IN OR BK 1913 PG 949 ---&--- W1/2 OF LOT 58 TITLE IN OR BK 1970 PG 630 ---&--- A PTN OF E1/2 OF LOT 58 DESCR AS FOL: BEG AT THE NE COR OF LOT 57 TH S 86D 12M 18S E 164.89 FT TO TH E POB TH S 86D 01M 07S E 164.50 FT TH S 2D 57M 03S W 328.94 FT TH N 86D 22M 10S W 99.71 FT TH S 0D 58M 58S W 169.99 FT TH N 86D 18M 06S W 65 FT TH N 2D 59M 14S E 499.87 FT TO THE POB TITLE IN OR BK 1975 PG 1159, Year: 2025, Zoning: R3

Utilities

Water Source: Public

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2322 W Main Street

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