256 4Th StCrystal River, FL 34429

Property Details for 256 4Th St

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

4,560 SF

Zone code

CG GENERAL COMMERCIAL

Property type

Industrial properties

Property subtype

Other warehouses

APN

17E-18S-21-0070-00160-006.0

APU

17E18S210070001600060

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $980,642

  Hospitality

  $898,262

  Educational

  $747,344

  Medical

  $773,046

  Retail

  $1,162,535

Location Insight

City

Crystal River

County

Citrus

State

Florida

Latitude

28.8975

Longitude

-82.5896

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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