95 S Golf Harbor PATH, Inverness, FL, 34450 | $750,000

Offering a prime investment opportunity is a fully operational executive golf course on 30 acres ready for redevelopment in Central, Florida. Located less than 5 miles from the interstate and other major arterial highways the subject property is easily accessible for commuting workforce for a mixed use residential development and also continuing the current golf course operation which has recently received updates. With a complete overhaul of the clubhouse, including the kitchen, dining room, bathrooms, office, party room, and outdoor patio space, has been undertaken from the interior and exterior components such as drywall, insulation, and studs. Additionally, new HVAC units were installed in May 2023. The primary land use of PDR allows for single-family residential, recreational, and some limited commercial/industrial use (with approval of Nursing Homes, Assisted Living Facilities, Veterinarian offices/hospitals, grocery stores, mini warehouses 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 dwellings, 50% for Single-family attached dwellings, Apartments 60%. ), 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 units of apartments.

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