Sun Plaza

Shopping Center for Sale
Catylist Listing ID: 30796677
Property Subtypes: Strip Center, Other
Building Size (RSF): 24,946 SF
Gross Land Area: 2.08 Acres
Sale Price: $2,100,000
Unit Price: $84.18 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Sun Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/18/2022

Overview / Comments

This is a great opportunity to be an interracial part of Crystal River’s Civic Master Plan for the redevelopment of the Crystal River’s Town Square and Historic business district! Sun Plaza is situated on an entire 2.5 acre city block in Downtown Crystal River.​ The Sun Plaza has 250’ on US 19 (25,000 AADT Traffic Count) and has 8 stores in 24,946 SF CB buildings.​ The entire downtown district is being renovated and repurposed catering to boutique shops, restaurants featuring a scenic boardwalk along the Crystal River Bay, and the Seven Sister Springs.​ Several national chains and retailers are located near the property—Walmart, Taco Bell, McDonald’s.​ Burger King, Winn Dixie, and Home Depot to name just a few established businesses.​ The Suncoast Parkway has just opened and leads directly into a 6-lane expansion of US-19.​ Huge residential growth for Crystal River and Citrus County is already materializing and bringing financial stability to retailers in the area.​

Logistic Details:

County Road 486 runs entirely along West Norvell Bryant Highway.​ It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200.​ The route was once former SR 486.​ County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.​

County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest, and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39.​ It was formerly designated as SR 491.​

County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River.​ The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55).​ As with the majority of these type of 'coastal spur' routes, in West Central Florida, it is county maintained.​

U.​S.​ Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U.​S.​ Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida.​ Newly 6 lane Hwy constructed from Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.​

Suncoast Parkway:

The Suncoast Parkway recently opened was a of $135 Million Dollar expansion which extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System.​ The Suncoast Parkway is just 68 Miles 1 hour and 15 mins from Tampa making it a great commuting Highway for workforce seeking to be outside of the Tampa traffic.​ The Veterans Expressway and Suncoast Parkway is a north–south toll road near the Florida Gulf Coast.​ Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto.​ 

Citrus County Growth:

Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data.​ Citrus County, Florida is the 34th largest county inFlorida.​ The 2010 Population was 141,173 and has seen a growth of 10.21% since this time.​ Citrus County current LDC allows for approximately a population of 350k residencies.​ Given the expansion of the Suncoast Parkway and the 6 lane expansion of US 19 we are in the path of tremendous growth.​ Currently Citrus County has 60,000 vacant parcels of land prime for development.​

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Tax ID/APN: 17E18S210060 0200
Zoning: CG
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: NW 1st Ave, and N Citrus Ave
Property Visibility: Excellent
Largest Nearby Street: US Hwy 19/ S Suncoast Blvd
Feet of Frontage: 225
Traffic/Vehicle Count: 24,000
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1964
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 30
Heat Type: Electricity
Zoning Description: General Commercial
Lot Frontage: 225
Lot Depth: 507
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Located at N Citrus/S Suncoast Blvd busy signalized intersection.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 762 6,812 19,400
Median Age: 55.12 51.88 52.85
Households: 361 3,072 8,640


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