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508 Citrus Avenue
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PRICED AT ONLY: $1,100,000

Address: 508 Citrus Avenue, Crystal River, FL 34428

Description

This former restaurant opportunity is 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.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

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  • MLS#: 838710 ( CommercialSale )
  • Street Address: 508 Citrus Avenue
  • Viewed: 25
  • Price: $1,100,000
  • Price sqft: $373
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 2952
  • Days On Market: 47
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Tile
  • Living Area: 0.00
  • Roof: Metal
Land Information
  • Lot Features: CornerLot
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: ParkingPad, ParkingSpaces
Eco-Communities
  • Pool Features: None
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir
  • Road Frontage Type: CountyRoad
  • Sewer: PublicSewer
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2023
  • Trash Expense: 0.00
Other Features
  • Current Use: Restaurant
  • Legal Description: 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
  • Levels: One
  • Area Major: 16
  • Occupant Type: Owner
  • Parcel Number: 1074231
  • Possession: Closing
  • The Range: 0.00
  • Views: 25
  • Year Established: 2019
  • Zoning Code: CG
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