669 NE Us Highway 19 - Freestanding FOR SALE


Crystal River, FL 34429
$750,000 USD
352-400-2635
669 NE Us Highway 19, Crystal River, FL for Sale
$750,000 USD
Freestanding - FOR SALE
1/22
null | Request Cap Rate

669 NE Us Highway 19
Crystal River, FL 34429


HIGHLIGHTS

  • Central air and electric.

OVERVIEW

Crystal River Landmark Commercial Opportunity Address: Signalized corner of US-19 (Suncoast Blvd) & NE 3rd Ave, Crystal River, FL Building Size: 7,090 SF Lot Size: 0.36 Acres (86’ frontage on US-19 x 183’ on NE 3rd Ave) Zoning: CH – Commercial Property Highlights Flexible Layout: • 5,000 SF retail/showroom • 2,122 SF shop space with grade-level roll-up door Construction: Solid concrete block, originally built in 1963, remodeled in subsequent years. Visibility: Prominent downtown corner with excellent signage exposure. Traffic Counts: • 23,000 AADT on US-19 • 3,400 AADT on NE 3rd Ave Location Advantages Downtown Core: Walkable to Crystal River Town Square, Riverwalk, and Cross Town Trail. Tourism Hub: Close to boutique shops, restaurants, and attractions like Three Sisters Springs, Hunter Springs Park, Kings Bay, and public boat ramps. Regional Access: Just north of Crystal River Mall & Hospital; south of the 6-lane US-19 expansion and Suncoast Parkway (direct to Tampa International in ~1 hr). Neighboring Nationals: Walgreens, CVS, McDonald’s, Taco Bell, Dunkin’, Wawa, Winn-Dixie. Condition Hurricane Helene Impact: Building requires remediation and restoration. However, the structure remains solid and repairable—an opportunity for value-add investors. Located in the heart of the walkable Historical Downtown Crystal River, this ±7,090 SF free-standing concrete block building offers a rare opportunity at one of the city’s most visible intersections. Positioned at the signalized corner of US-19/Suncoast Boulevard (±23,000 AADT) and NE 3rd Avenue (±3,400 AADT), the property sits on ±0.36 acres with 86 feet of frontage along US-19 and 183 feet on NE 3rd Avenue. The building features approximately 5,000 SF of open retail/showroom space and 2,122 SF of functional shop space with a grade-level roll-up door, providing excellent flexibility for retail, showroom, or service-oriented uses. Originally constructed in 1963 and remodeled in subsequent years, the property has long served as a recognizable landmark in Crystal River. While impacted by Hurricane Helene and requiring remediation, the structure remains solid, offering a true value-add opportunity to reposition a prime downtown asset. The location is highly walkable, with direct access to Crystal River Town Square, the Riverwalk, City Cross Town Trail, boutique restaurants, and shops that attract both locals and tourists. Just minutes away are popular attractions including Three Sisters Springs, Hunter Springs Park, Kings Bay, and multiple public boat ramps, ensuring consistent tourism-driven traffic in addition to local demand. Regional access is exceptional: the Crystal River Mall and Hospital are located just north of the property, while the six-lane expansion of US-19 and the Suncoast Parkway to the south provide direct connectivity to Tampa International Airport in just over an hour. Neighboring national brands such as Walgreens, CVS, McDonald’s, Taco Bell, Dunkin’, Wawa, and Winn-Dixie reinforce the area’s commercial strength and visibility. With its prime downtown location, strong traffic counts, flexible layout, and proximity to both tourism and essential services, this property represents an exceptional opportunity for investors or end-users to restore and reposition a cornerstone of Crystal River’s commercial corridor. As part of the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA), the 18th largest metro area in the United States, Citrus County is experiencing rapid population growth, with projections estimating an increase from 153,600 to 350,000 residents by 2030. This growth is driving an expanding demand for residential and commercial infrastructure, reinforcing the need for well-positioned development sites. The recent $135 million expansion of the Suncoast Parkway has further enhanced accessibility, positioning Citrus County as a key gateway to the Tampa Bay region and strengthening its attractiveness for investment. With its prime downtown location, strong traffic counts, flexible layout, and tourism-driven demand, this property offers an exceptional opportunity for investors or end-users to restore and reposition a cornerstone of Crystal River’s commercial corridor. Citrus County: A Market Poised for Growth Citrus County, currently home to 153,600 residents, is on track for exponential growth, with the population projected to reach 350,000 by 2030 under the County’s Land Development Code. As part of Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA)—the 18th largest MSA in the United States—Citrus County continues to attract both businesses and residents. Lecanto and its surrounding areas have benefited from recent revitalization efforts, including community investments such as the Liberty Park and Depot District in Inverness. The recently completed $135 million expansion of the Suncoast Parkway and its planned extensions will further enhance connectivity, fostering additional economic growth. Within a 15-minute drive, the property serves a substantial customer base of 46,361 residents, with an average age of 58 and a median household income of $65,000. This demographic ensures a solid foundation for businesses seeking to establish or expand in a thriving and dynamic market. This meticulously maintained retail and service plaza presents an unparalleled opportunity for businesses to thrive in a high-traffic, high-visibility location, surrounded by a strong customer base and an array of complementary national retailers. Logistic Details: -County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once the former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side. -County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491. -County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these types of 'coastal spur' routes, in West Central Florida, it is county-maintained. -U.S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U.S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Highway was constructed from the Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Crystal River Landmark Commercial Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,653 SF

ZONING

CH

APN/PARCEL ID

17E-18S-21-0000-12343

ASK ABOUT THIS PROPERTY

Elias KirallahCentury 21 Commercial, Elias George KirallahMore Info
352-400-2635

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Elias KirallahCentury 21 Commercial, Elias George KirallahMore Info
352-400-2635

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.