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508 N CITRUS AVENUE

Commercial For Sale
$1,100,000

BTC: 11.17886179

ETH: 327.08890871

14 days
0 room(s)
2,952 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Former restaurant opportunity located in the heart of Central Florida’s Gulf Coast, capturing the essence of casual dining at its finest. Positioned prominently on a prime downtown block in Crystal River, Florida, this 160-seat restaurant is available for the first time, nestled within the city’s designated Downtown Wet Area, which allows for alcoholic drinks throughout the district. 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

Facts and features

Type:
Commercial Sale
Parking:
19 to 30 Spaces
Year Built:
1959
Lot:
0.52 Acres
Heating:
No Data
Price/sqft:
$373
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Concrete

    Cooling

    • Central Air

  • Parking

    • 19 to 30 Spaces

    Lot

    • Lot: 0.52 Acres

    Other Property Information

    • Parcel Number: 17E18S210060000000740

    • Zoning: CG

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Restaurant

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $10,585

  • Source details

    • MLS ID: OM688885

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Lot Features: Corner Lot

    • Living Area: 2952

    • Water Source: Public

    • Lot Size Dimensions: 151 x 155

    • Subdivision Name: SYLVAN GLEN ADD

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CENTURY 21 J.W.MORTON R.E.