311 4Th AveCrystal River, FL 34429

Property Details for 311 4Th Ave

Year built

2012

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.81 AC

Property size (Sq ft)

11,880 SF

Zone code

CH HIGH INTENSITY COMMERC

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

17E-18S-21-0140-033.0

APU

17E18S2101400330

Description

This exceptional $2,500,000 investment opportunity presents a unique blend of commercial and hospitality uses in a high-traffic area of Crystal River, Florida. The 11,880 square foot building, constructed in 2012 and extensively renovated in 2023, currently operates as a 28-bed assisted living facility (ALF) and memory care center, holding a valid ALF Business Tax License from the City of Crystal River. Situated on a 0.81-acre lot at a prominent downtown intersection, the property benefits from exceptional visibility and accessibility. The location boasts high annual average daily traffic counts on nearby State Road 44 (31,500 vehicles) and US Highway 19 (27,500 vehicles). The single-story building features a full commercial kitchen with natural gas appliances, a commercial laundry with natural gas dryers, a natural gas central HVAC system, a whole-building natural gas generator, a wired security camera system, robust internet network capabilities, and a comprehensive fire protection system. Built to ADA standards, the property includes 19 parking spaces and 20 keys. The CH (High Intensity Commercial) zoning allows for a wide range of uses, including large-scale businesses, commercial operations, light assembly, institutional uses, and essential public services. The building sits approximately 11 feet above grade, offering potential advantages. This property represents a compelling investment opportunity in a rapidly growing market.

Location Insight

City

Crystal River

County

Citrus

State

Florida

Latitude

28.8977

Longitude

-82.5872

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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