FL
Citrus
CRYSTAL RIVER
34428
508 N CITRUS AVENUE
508 N CITRUS AVENUE, CRYSTAL RIVER, FL 34428
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Listing Type
Commercial/Industrial
Listing Status
active
46
$1,200,000

Home Details for 508 N CITRUS AVENUE

Price
$1,200,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
2952
Year built
1959
Lot size acres
0.52
County
Citrus
Garage
Days on site
321
MLS Listing#
OM688885
Property Description

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.

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Property Features
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Utilities
    • Public
Listing Courtesy: CENTURY 21 J.W.MORTON R.E. - 352-726-6668
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Last Updated: 2025-04-02 10:51:46
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EXIT BAYSHORE REALTY
201 E. Davis Blvd, Tampa, FL 33606
Shelley Lafko
License #: 3527727
Sales Representative
Office
813 839 6869
Agent
719 963 9510
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