Active
700 SE 5th Terrace
Crystal River FL, 34429
$195,000
$138.30 per sqft
Active
1,410 sqft
Commercial
Built in 1982
The escalating costs and impracticality of traditional office spaces have presented a challenge for businesses seeking cost-effective and strategic commercial solutions. In response, an unparalleled opportunity has emerged in the heart of Crystal River, Florida, within the rapidly growing Citrus County Nature Coast region. This 1,410 SF commercial office/retail unit offers a competitively priced, partly renovated space that combines functionality, location, and growth potential. Located within a thriving retail corridor, the property is strategically positioned amidst national retailers, dining establishments, essential services, City Hall, and the downtown Square.
The unit, wired for surround sound, security systems, and high-speed internet, features a front retail area, a private office/exam room, and additional storage space. These amenities are designed to accommodate diverse business operations, from retail enterprises to professional office use. Citrus County is experiencing unprecedented growth, driven by the $135 million Suncoast Parkway expansion, which has significantly improved connectivity within the Tampa-St. Petersburg-Clearwater MSA--the 18th largest metropolitan area in the United States. The county's strategic location places it at the forefront of regional growth, with projections indicating a population surge from the current 153,600 residents to an estimated 350,000 by 2030 under the Land Development Code.
The immediate vicinity of the property offers access to an ideal consumer base of 46,361 residents within a 15-minute radius. This demographic, characterized by an average age of 58 and a median household income of $65,000, demonstrates robust consumer spending habits. Approximately 66% of residents dine out regularly, while 89% frequent fast-food establishments, underscoring a strong demand for retail and dining services. Furthermore, healthcare expenditures, totaling over $106 million annually, highlight opportunities in medical and wellness-related sectors.
839106
MLSⓇ ID
December 2, 2024
Listed
December 4, 2024
Updated
Map
700 SE 5th Terrace
Crystal River FL, 34429
Interior Features
Total Stories
1
Floor Description
Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.03 Acres
Roof
Asphalt, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
16
Taxes
$1,462
Tax Frequency
Annually
Days on Market
2
Association Fee
$390
Garage
No
Parking
Public, Parking Lot
Parking Total
16
View
No
County
Citrus
Water Source
Public
Pool
No
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.
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