508 N CITRUS AVE Crystal River, FL 34428
UPDATED:
11/06/2024 11:17 PM
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 2,952 sqft
Price per Sqft $372
Subdivision Sylvan Glen Add
MLS Listing ID OM688885
HOA Y/N No
Originating Board Stellar MLS
Year Built 1959
Annual Tax Amount $10,584
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 151x155
Property Description
Situated on a generous 0.52-acre corner lot, this property offers unparalleled convenience with 27 rare, private parking spaces onsite, supplemented by ample street parking and nearby public lots. The building, a solid 2,952-square-foot Concrete Block structure, underwent a full renovation in 2019, presenting a modernized and inviting environment for diners. Strategically located to maximize foot traffic, the restaurant is accessible via interconnected trails and bike paths that attract both locals and tourists alike.
Within a three-mile radius, patrons are surrounded by popular national retail outlets, lush parks, and waterways leading to the Gulf of Mexico, providing an ideal setting to draw in visitors seeking both leisure and fine dining. This is a rare chance to acquire a piece of Central Florida’s culinary scene, offering an exceptional opportunity to operate a thriving business in a vibrant downtown locale. Equipment and fixtures are to be sold separately; please inquire with the listing agent for details.
Don’t miss your opportunity—schedule a private viewing today to explore the endless possibilities that await. The property is poised to benefit from the newly completed Suncoast Parkway extension, along with future planned expansions, which position Citrus County for unprecedented growth within the Tampa Metropolitan Statistical Area (MSA). Just 15 minutes from the property, an ideal customer base of 46,361 residents awaits, with an average age of 58 and a median household income of $65,000.
This property grants access to flourishing nearby communities including Lecanto, Beverly Hills, Inverness, and Homosassa. As part of Citrus County, currently home to 153,600 residents, the area is projected to grow exponentially, reaching an estimated 350,000 residents under Citrus County’s Land Development Code by 2030. Located within Tampa–St. Petersburg–Clearwater MSA—ranked as the 18th largest in the U.S.—Citrus County stands out as one of the nation’s most promising real estate markets.
Location
State FL
County Citrus
Community Sylvan Glen Add
Zoning CG
Interior
Cooling Central Air
Flooring Concrete
Exterior
Parking Features Parking Spaces - 19 to 30
Utilities Available Public
Roof Type Shingle
Building
Lot Description Corner Lot
Story 1
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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