Active

508 N Citrus Avenue

Crystal River FL, 34428

$1,100,000


$372.63 per sqft

Active

2,952 sqft

Commercial

Built in 1959

This former restaurant opportunity is 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.

838710

MLS ID

November 6, 2024

Listed

November 6, 2024

Updated

Map

508 N Citrus Avenue
Crystal River FL, 34428

Interior Features

Total Stories

1


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.52 Acres


Lot Features

Corner Lot


Roof

Metal


Sewer

Public Sewer

Other Property Details

Area Name

16


Taxes

$10,585


Tax Frequency

Annually


Days on Market

2


Garage

No


Parking

Parking Pad, Parking Space(s)


Parking Total

27


View

No


County

Citrus


Water Source

Public


Pool

No


Pool Features

None


Zoning

CG

Courtesy of Century 21 J.W.Morton R.E., Elias Kirallah,
Listing Contact: (352) 400-2635 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Laura Bush shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 FL - REALTORS Association of Citrus County (CMLS). All rights reserved.

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