Rare Multi-Family Lot in Fast-Growing Citrus Springs – Duplex or Triplex Potential on Nearly Half an Acre

Builders and investors, this one is for you. Multi-family lots in Citrus Springs are getting hard to find, and this 0.48-acre parcel at 405 W G Martinelli Blvd is designated for multi-family use in the recorded Citrus Springs plat (Unit 20). That means duplex or triplex potential, subject to Citrus County approval, on nearly half an acre of buildable ground. It sits in FEMA flood zone X, outside the special flood hazard area, so you are not fighting flood insurance on day one.

Look around and you will see why this area is moving. New homes are going up on the surrounding streets, and demand for rentals in Citrus Springs keeps climbing as families and retirees discover this quiet, deed-restricted community. Site-built construction keeps the neighborhood looking sharp and protects the value of what you build.

Location is the other half of the story. You are minutes from Hwy 41 and the historic river town of Dunnellon, with the Rainbow River, Rainbow Springs State Park, and the 46-mile paved Withlacoochee State Trail right down the road. Crystal River and the Gulf are about 25 minutes away, Ocala is roughly 30, and the Suncoast Parkway extension has made Tampa a straight shot south.

County water serves Citrus Springs (buyer to confirm tap availability for this lot) and power runs along the street. Build a duplex and hold it for cash flow, or lock in a hard-to-find multi-family lot while prices in this corridor are still reasonable. Either way, this is a rare chance to get in early on a growing Florida community. Reach out today, because lots like this do not sit long.