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.

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

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