For Sale
$720,000

256 4Th StCrystal River, FL 34429

High-Yield Warehouse & Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional turnkey investment opportunity in downtown Crystal River, Florida presents a rare chance to acquire a high-performing commercial property. The property, located at 256 NE 4th Street, 34429, comprises three buildings totaling 24 individual storage units and three storage trailers, providing diverse income streams. A fully equipped office and an updated efficiency unit add to the property's versatility. Built in 1971, this single-story complex sits on a 0.55-acre lot and boasts recent upgrades, including a newer roof and stylish pavers. The property's modern security system, featuring state-of-the-art cameras, ensures both tenant and owner security. The asking price is $720,000, with a strong 10% capitalization rate and a net operating income (NOI) of $82,500. This lucrative investment offers a secure and established revenue stream in a desirable location. The property's diverse offerings, recent improvements, and strong financial performance make it an ideal addition to any investment portfolio. This is a truly exceptional opportunity to acquire a well-maintained, high-yield commercial property in the heart of Crystal River. The property is zoned for industrial, land, office, and retail uses.

Highlights

  • $720,000 asking price.
  • 10.00% cap rate with $82,500 NOI.
  • 1971 construction, single-story building.
  • Located at 256 NE 4th Street, Crystal River, FL 34429.
  • 0.55-acre lot.
  • Features three buildings with 24 storage units and 3 storage trailers, plus a fully equipped office and efficiency unit.

Property Details for 256 4Th St

Property type
Warehouses, Retail properties
Year Built
1971
Stories
1

Location Insight

City
Crystal River
County
Citrus
State
Florida
Latitude
28.8975242
Longitude
-82.5892813
256 4Th St, Crystal River, Florida

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256 4Th St
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