Headshot for Associate Carolyn Watson
  1. Carolyn Watson, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 941.815.8430
  4. carolyntuckerwatson@gmail.com
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  • MLS#: 838710 ( CommercialSale )
  • Street Address: 508 Citrus Avenue
  • Viewed: 103
  • Price: $1,200,000
  • Price sqft: $407
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 2952
  • Days On Market: 147
  • Additional Information
  • County: CITRUS
  • City: Crystal River
  • Zipcode: 34428
  • Subdivision: Not On List
  • Provided by: Century 21 J.W.Morton R.E.
  • REALTOR® Association of Citrus County
  • DMCA Notice
  • 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.
Property Features
Possible Terms
  1. Cash
  2. Conventional
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. CentralAir
Covered Spaces
  1. 0.00
Current Use
  1. Restaurant
Flooring
  1. Tile
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. 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
  1. One
Living Area
  1. 0.00
Lot Features
  1. CornerLot
Area Major
  1. 16
Net Operating Income
  1. 0.00
Occupant Type
  1. Owner
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 1074231
Parking Features
  1. ParkingPad
  2. ParkingSpaces
Pet Deposit
  1. 0.00
Pool Features
  1. None
Possession
  1. Closing
Property Type
  1. CommercialSale
Road Frontage Type
  1. CountyRoad
Roof
  1. Metal
Security Deposit
  1. 0.00
Sewer
  1. PublicSewer
Tax Year
  1. 2023
The Range
  1. 0.00
Trash Expense
  1. 0.00
Views
  1. 103
Virtual Tour Url
  1. https://properties.admiredimage.com/videos/0195e206-f40f-7172-af53-ca13b92e9dc6?v=434
Water Source
  1. Public
Year Built
  1. 1959
Year Established
  1. 2019
Zoning Code
  1. CG