Zoned Multi-Family – Big Enough for a Triplex on Nearly Half an Acre in Citrus Springs

Builders and investors, this one is for you. This 0.48-acre corner parcel at 405 W G Martinelli Blvd (at W Withlacoochee Trail) is zoned multi-family in the recorded Citrus Springs plat (Unit 20), and at nearly half an acre it is big enough for a triplex. Lots like this are getting hard to find in Citrus Springs. 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. Brand new homes are going up on N Vesta Point just a few hundred feet away, with more popping up all along Martinelli. We sold the 0.63-acre lot across the street on Vesta Point for $75,000 last year, so the demand is real. Citrus Springs is a quiet, deed-restricted community, and 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 a half mile from US-41, about five minutes from the historic river town of Dunnellon, and the Withlacoochee River is right down the road for kayaking and fishing. Rainbow Springs State Park and the 46-mile paved Withlacoochee State Trail are nearby, 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 triplex 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.