Active

508 N CITRUS AVE

CRYSTAL RIVER FL, 34428

$1,100,000


$372.63 per sqft

Active

2,952 sqft

Commercial

Built in 1959

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.

OM688885

MLS ID

November 6, 2024

Listed

November 22, 2024

Updated

Map

508 N CITRUS AVE
CRYSTAL RIVER FL, 34428

Interior Features

Total Stories

1


Floor Description

Concrete


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.52 Acres


Lot Features

Corner Lot


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

34428 - Crystal River


Taxes

$10,585


Tax Frequency

Annually


Association Fee Frequency

Monthly


Garage

No


Parking

Parking Spaces - 19 to 30


View

No


County

Citrus


Municipality

18S


Water Source

Public


Pool

No


Zoning

CG

Listed by CENTURY 21 J.W.MORTON R.E.
Listing Contact: 352-400-2635 

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Data last updated 11/22/2024, 7:57 AM UTC

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