3 separate, adjacent parcels in busy Business District!

Office for Sale
Sale Pending
Catylist Listing ID: 30802480
Property Subtypes: Mixed Use, Office Building
Status: Pending
Building Size (RSF): 3,348 SF
Gross Building Area: See Agent
Gross Land Area: 0.29 Acres
Sale Price: $595,000
Unit Price: $177.72 PSF
Property Use Type: Net Leased Investment (NNN), Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 6/30/2022

Overview / Comments

Downtown Crystal River Re-Development opportunity!!! Be a part of the positive changes happening in the Downtown Crystal River area. Offered here are 3 separate, adjacent parcels, situated within the Crystal River Community Business District. Average daily traffic counts are +15,000 trips per day!! Nearly .30 acres of contiguous land are bordered on the north side by Suncoast Blvd(Hwy. 19) and on the south side by a public parking lot owned by the City of Crystal River. .23 acres of the offered sites are all adjacent and create a square. The final parcel, .06 acres fronts Suncoast Blvd and would provide ample visibility for any future venture. Crystal River has seen dramatic changes in recent years and that doesn't appear to be ending anytime soon. If you are looking for income-producing properties to buy, hold, and develop later, this may work for you. Included with these valuable pieces of dirt are 2 commercial buildings as well. One is an ~1,100 sq ft, 2-unit, retail strip center facing Suncoast Blvd. The other is a ~2,100 sq ft., 2-story commercial building. All of these properties are zoned CG(Commercial General) which would allow for various commercial office and service-type businesses.

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Submarket Type: Central Business District
Taxing Authority: Citrus County
Tax ID/APN: 17E18S210060 0830
Zoning: CG
Property Located Between: NW 1st Ave
Property Visibility: Excellent
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1963
Roof Type: Other
Construction/Siding: Block, Concrete, Vinyl Siding, Wood Frame
Part of Planned Development?: Yes
In Flood Plain?: Yes
Lot Frontage: 200 Feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lengthy legal - see attached 'Exhibit A' attached for description of all parcels

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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


Photograph of Listing Agent

David Bramblett

Active Agent Realty, LLC
CE-FL Member
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