0.40 Multi-Residential Pad Downtown Crystal River

Vacant Land for Sale
Catylist Listing ID: 30734787
Property Subtypes: Multi-Family
Gross Land Area: 0.40 Acres
Sale Price: $29,900
Unit Price: $74,750 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/1/2021

Overview / Comments

Crystal River, Florida is surrounded with opportunities. With being considered the heart of the Nature Coast and having the second largest spring group in Florida, it's no wonder why this area is highly sought after. Within the city limits of Crystal River, we are presenting 0.40 acres of R-3 property that includes approximately 97' of frontage. Subject Property is situated less than a mile from Crystal River City Hall, one mile from Kings Bay Park and Hunter Springs, and 10.8 miles from access to the Gulf of Mexico. Within a 5-miles radius, the current population is 10,072 with a household amount of 4,850. Due to the Suncoast Parkway Extension that is expected to be completed in 2022, Citrus County in its entirety, is projected to undergo a drastic population and business spike. To its advantage, this multi-residentially zoned pad is located less than 6 miles from the Suncoast Parkway interchange site and would be perfect site for a quadplex. State Road 44/NE 5th Street is two minutes away and allows access to national retailers such as Dunkin' Donuts, CVS Pharmacy, O'Reilly Auto Parts, and Holiday Inn Express. Unlike other desirable, coastal locations, Crystal River has plenty of room to expand and will only continue to thrive with the added benefits from the $135 million Suncoast Parkway Extension.

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Taxing Authority: Citrus County Tax Collector
Tax ID/APN: 17E18S15 33332
Zoning: R-3
Property Visibility: Excellent
Largest Nearby Street: S. Suncoast Blvd
Feet of Frontage: 97
Lot Frontage: 97
Lot Depth: 180
Zoning Description: 12 Dwelling Units per Acre Permissable
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,297 12,147 20,026
Median Age: 40.93 52.22 53.84
Households: 557 5,317 8,927

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