Crystal River 5th Street Commercial Lot

Vacant Land for Sale
Catylist Listing ID: 30733221
Property Subtypes: Retail-Pad, Self Storage, Other
Gross Land Area: 3.12 Acres
Sale Price: $525,000
Unit Price: $168,269 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/5/2021

Overview / Comments

Rooted in the city limits of Crystal River and only a half mile from one of the County’s arterial intersections is 3.12 acres of Commercial High Density vacant land. This opportunity includes 415 feet of State Road 44 frontage with up to 500 feet of depth. Site had previously been approved for RV Storage with plans that included (27) 40' units, (46) 30' units, and a few 60' pull-through spaces. As the population grows rapidly statewide, there is a need to expand transportation thoroughfares to accommodate commuters. Citrus County is among one of the municipalities that is expected to benefit from the $135 million Suncoast Parkway Extension once it is completed in 2022. Once construction is finalized, Citrus County will have a direct route to downtown Tampa. That being said, Crystal River will be one of the cities to experience massive exposure to increased population and business! Subject property is less than 10 minutes from the Suncoast Parkway construction site meaning this is a prime location for high traffic vulnerability. Development now is at an all time high to cater to the surrounding 10,000+ households.

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Taxing Authority: Citrus County Tax Collector
Tax ID/APN: 17E18S220020 3320
Zoning: CH
Property Located Between: NE 9th Ave/NE 10th Ave
Property Visibility: Excellent
Legal Description: KNIGHTS ADD TO CRYSTAL RIVER PB 1 PG 28 LOTS 332, 333, 334,339, 340, 341, 357 & 364
Largest Nearby Street: NE 5th St., Hwy 19
Traffic/Vehicle Count: 29,000
Lot Frontage: 415'
Lot Depth: 500'
Zoning Description: CH
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,717 12,147 19,009
Median Age: 61.71 52.22 53.52
Households: 744 5,317 8,406


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