This exceptional 5,534-square-foot retail property, situated on a 1.42-acre lot in Crystal River, Florida, presents a compelling investment opportunity. Previously occupied by Truist Bank, this vacant building offers a versatile layout ideal for various uses, including a bank, quick-service restaurant, or full-service restaurant, as permitted by the CH zoning. The property boasts eight large offices, a teller counter, employee kitchen, two restrooms, and a substantial bank vault, all within a well-maintained structure built in 2003. Its strategic location on highly trafficked US Hwy 98 (27,000 AADT) ensures exceptional visibility, enhanced by a large pylon sign and multiple points of ingress/egress at a lighted intersection. The property's convenient location, just five minutes from downtown Crystal River, offers easy access to a thriving tourist area and the nearby King's Bay, known for its manatee population and numerous attractions. Furthermore, its proximity to the Crystal River Shopping Plaza and major retailers like Home Depot, Chili's, Applebee's, and Bealls provides significant synergy and potential for increased foot traffic. The ample 1.42-acre lot size also presents a compelling redevelopment opportunity for those seeking to maximize the property's potential. The asking price is $1,995,000, translating to $360.50 per square foot. The property includes 43 parking spaces.
Highlights
1.42-acre corner lot with lighted intersection and multiple points of ingress/egress.
Adjacent to Crystal River Plaza, near Home Depot, Chili's, Applebee's, and Bealls.
High-traffic tourist area, 5 minutes from downtown Crystal River and King's Bay.
Redevelopment opportunity with ample land and CH zoning.
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Contacts
Alex Lucke, CCIM
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180 Suncoast Blvd, Crystal River, Florida, 34429
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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180 Suncoast Blvd
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