Property Photos
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  • MLS#: OM688885 ( Commercial Sale )
  • Street Address: 508 Citrus Avenue
  • Viewed: 34
  • Price: $1,100,000
  • Price sqft: $373
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 2952
  • Days On Market: 48
  • Additional Information
  • Geolocation: 28.8984 / -82.5934
  • County: CITRUS
  • City: CRYSTAL RIVER
  • Zipcode: 34428
  • Subdivision: Sylvan Glen Add
  • Provided by: CENTURY 21 J.W.MORTON R.E.
  • Contact: Elias Kirallah
  • 352-726-6668
  • mfrmls
  • DMCA Notice
  • Description
    Former restaurant opportunity located in the heart of Central Floridas 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 citys 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 Floridas 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. Dont miss your opportunityschedule 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 Countys Land Development Code by 2030. Located within TampaSt. PetersburgClearwater MSAranked as the 18th largest in the U.S.Citrus County stands out as one of the nations most promising real estate markets.
Property Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Concrete
Garage Spaces
  1. 0.00
Legal Description
  1. SYLVAN GLEN ADD TO CRYSTAL RIVER PB 1 PG 26 LOTS 74 & 75 & E 150 FT OF LOT 93 W OF CITRUS AVE & E OF S PROJ OF W BDRY LN OF LOT 75 DESC IN OR BK 1423 PG 1597 OR BK 2322 PG 807
Living Area
  1. 2952.00
Lot Features
  1. Corner Lot
Area Major
  1. 34428 - Crystal River
Net Operating Income
  1. 0.00
Parcel Number
  1. 17E-18S-21-0060-00000-0740
Parking Features
  1. Parking Spaces - 19 to 30
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. Access Road
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2023
Township
  1. 18S
Utilities
  1. Public
Views
  1. 34
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/OM688885
Water Source
  1. Public
Year Built
  1. 1959
Zoning Code
  1. CG
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