2613 Shephard St - Residential LAND FOR SALE


Inverness, FL 34452 189,922 SF
$227,000 USD
727-688-4040
2613 Shephard St, Inverness, FL for Sale
$227,000 USD
Residential LAND - FOR SALE
1/1
189,922 SF

2613 Shephard St
Inverness, FL 34452


HIGHLIGHTS

  • 18 Platted Residential Lots Offered as One Portfolio
  • Adjacent to Clearwood Street Development
  • Proven Exit Values with New Construction Sales
  • Public Water and Sewer Capacity Confirmed by City of Inverness
  • New Hydrants and Sewer Lift Stations Installed at End of Road
  • City Indicated Cooperation with Shared Roadway/Infrastructure Assessments

OVERVIEW

Portfolio opportunity to acquire eighteen residential lots within Inverness Village Unit 3 in Inverness, Florida, strategically positioned immediately behind the successfully developed Clearwood Street corridor. This offering represents the next logical phase of residential development in an area that has already demonstrated strong builder absorption and verified exit values. Recent activity along adjacent Clearwood Street provides clear proof of concept. Just SOLD a newly constructed single-family home in the mid-$330,000 range and twenty-two finished lots were acquired by a regional homebuilder in a bulk transaction. That execution validates both builder underwriting and end-user demand within this submarket. The Shepherd/Longwood Street lots now present an opportunity to control the next block of buildable inventory at a significantly lower land basis. The full portfolio of eighteen lots is offered at $227,000. The pricing reflects current infrastructure conditions while preserving margin potential consistent with nearby executed development. This is not speculative entitlement land; it is platted residential inventory within an established subdivision with proven nearby sales and active builder participation. Public water and sewer capacity has been confirmed by the City of Inverness. New hydrants and sewer lift stations were installed at the end of the road to service the adjacent Clearwood Street development, providing confirmed utility availability within close proximity. The lots are not yet individually connected to utilities, and Shepherd/Longwood Street is currently unpaved. These conditions are reflected in the portfolio pricing and create a value-driven entry point for builders seeking to manage infrastructure improvements at scale. City staff has indicated a willingness to cooperate with future development and to assess roadway and infrastructure improvements across benefiting lot owners along the corridor. This shared assessment approach aligns with phased development strategies and supports coordinated improvement rather than isolated lot-by-lot upgrades. Zoned LD/R1 (Low Density Residential), the property allows for single-family detached residential construction consistent with surrounding development. Lot sizes and subdivision layout conform to established neighborhood patterns, and the surrounding area already demonstrates vertical construction viability, financing acceptance, and retail buyer depth. This offering is ideally suited for: -Production builders seeking phased inventory in a proven corridor -Regional builders expanding footprint in Citrus County -Small developers pursuing controlled vertical rollout -Investors seeking to entitle, improve, and resell finished lots The adjacent Clearwood Street development has already reduced market risk by proving absorption, pricing, and infrastructure feasibility. This portfolio represents the opportunity to capitalize on that established momentum at an attractive land basis. Clean title. Platted lots. Verified nearby execution. Scalable development potential.

FOR SALE DETAILS

PRICE

$227,000 USD

PRICE/ACRE

$52,064/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

4.36 AC | 18 SFR LOTS | RARE OPPORTUNITY

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Single Family Development

LAND ACRES

4.36 AC

LAND SF

189,922 SF

OFFSITE IMPROVEMENTS

-

ZONING

LD/R1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Walter PenachioPalm Life Realty LLCMore Info
727-688-4040

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Walter PenachioPalm Life Realty LLCMore Info
727-688-4040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.