$360,000
$440,000
18.2%For more information regarding the value of a property, please contact us for a free consultation.
1,164 SqFt
SOLD DATE : 10/30/2023
Key Details
Sold Price $360,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 1,164 sqft
Price per Sqft $309
Subdivision Sylvan Glen Add
MLS Listing ID OM660048
Sold Date 10/30/23
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1963
Annual Tax Amount $1,331
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 150 x 100 x 50
Property Description
Prime Commercial Corner in DT Crystal River, FL! Consisting of 2 buildings, 3,348 SF of usable for retail, office, and multi-family purposes. Improvements were built in 1963 and sit on .29 acres of General Commercial property, providing 20 parking spaces with additional city parking next door. This location allows for a wide range of uses, including retail, office, and restaurants, among others. Situated at the NW corner of US H1Y 19 (18,000 AADT) and NW 1st Avenue, just one block from the newly developed Crystal River Town Square and Riverwalk, City Cross Town Trail, as well as boutique restaurants and shops catering to tourism. Area amenities for tourists include Three Sister Springs, Hunter Springs Park, Kings Bay, and nearby public boat ramps. To the north of the property, you'll find Seven Rivers Hospital, while to the south, there is a 6-lane expansion of US 19 (spanning from the Hernando County Line to Fort Island Trail in Crystal River) and the Suncoast Parkway (589 Toll Road), allowing for a 1-hour and 9-minute commute to Tampa International Airport. National brands such as Walgreens, CVS, McDonald's, Taco Bell, Dunkin', Wawa, and Winn-Dixie are located in the vicinity. Being within Crystal River City Limits, this property presents a prime opportunity for redevelopment and inclusion in the 50-year vision for the CR Civic Master Plan, aiming to beautify the area and stimulate the local economy. Citrus County, where the property is located, is a growing community in the Tampa-St. Petersburg MSA, is the 18th largest in the nation with 155,582 residents and an annual growth rate of 1.29%. Citrus County itself is the 34th largest county in the state and offers ample land for development, with over 60,000 vacant parcels approved for future projects.
Location
State FL
County Citrus
Community Sylvan Glen Add
Zoning CG
Interior
Cooling Central Air
Exterior
Waterfront false
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block, Concrete, Stucco
New Construction false
Construction Status No Contingency
Others
Ownership Corporation
Special Listing Condition None
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