6537 Gulf To Lake HwyCrystal River, FL 34429

Property Details for 6537 Gulf To Lake Hwy

Lot size

0.18 AC

Zone code

GNC GEN COMMERCIAL

Property type

Land

Property subtype

Commercial land

APN

17E-18S-36-0310-000J0-022.1

APU

17E18S360310000J00221

Description

This exceptional 16.9-acre development site in Crystal River, Florida, presents a unique opportunity for self-storage investors. Priced at $3,000,000 ($23.81/sq ft), this fee-simple property boasts a fully approved site plan for a 126,000 square foot self-storage facility, eliminating lengthy approval processes. The Planned Unit Development (PUD) zoning allows for immediate construction commencement. Projected NOI is $1,200,000, yielding a compelling pro-forma cap rate of 34.29%. Located at 6537 W Gulf to Lake Hwy, 34429, Citrus County, this prime location benefits from significant recent growth, including a new highway extension connecting to Tampa, and a new shopping center featuring major retailers like Target, Aldi, and PetSmart under construction nearby. A recently approved apartment complex is also situated approximately 500 feet away. Citrus County has experienced record-high building permits in the last year, indicating a robust and expanding market. This is an owner/user investment opportunity with substantial potential for immediate returns. The property is ready for construction, offering a significant advantage over comparable sites requiring extensive pre-development work.

• Alternative Use

  Use

  Valuation

  Residential

  $1,695,548

  Hospitality

  $1,553,113

  Educational

  $1,292,172

  Medical

  $1,336,611

  Retail

  $2,010,045

Location Insight

City

Crystal River

County

Citrus

State

Florida

Latitude

28.8849

Longitude

-82.543

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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