700 SE 5TH TER #Suite 4, CRYSTAL RIVER, FL, 34429
$195,000
Commercial Sale
Living Area
1,410 Sqft
Lot Size
1,410 Sqft
The escalating costs and impracticality of traditional office spaces have presented a challenge for businesses seeking cost-effective and strategic commercial solutions. In response, an unparalleled opportunity has emerged in the heart of Crystal River, Florida, within the rapidly growing Citrus County Nature Coast region. This 1,410 SF commercial office/retail unit offers a competitively priced, partly renovated space that combines functionality, location, and growth potential. Located within a thriving retail corridor, the property is strategically positioned amidst national retailers, dining establishments, essential services, City Hall, and the downtown Square. The unit, wired for surround sound, security systems, and high-speed internet, features a front retail area, a private office/exam room, and additional storage space. These amenities are designed to accommodate diverse business operations, from retail enterprises to professional office use. Citrus County is experiencing unprecedented growth, driven by the $135 million Suncoast Parkway expansion, which has significantly improved connectivity within the Tampa-St. Petersburg-Clearwater MSA—the 18th largest metropolitan area in the United States. The county’s strategic location places it at the forefront of regional growth, with projections indicating a population surge from the current 153,600 residents to an estimated 350,000 by 2030 under the Land Development Code. The immediate vicinity of the property offers access to an ideal consumer base of 46,361 residents within a 15-minute radius. This demographic, characterized by an average age of 58 and a median household income of $65,000, demonstrates robust consumer spending habits. Approximately 66% of residents dine out regularly, while 89% frequent fast-food establishments, underscoring a strong demand for retail and dining services. Furthermore, healthcare expenditures, totaling over $106 million annually, highlight opportunities in medical and wellness-related sectors. Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property-related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.
Property Details
Property Features Property Features
MLS ID: MFROM689656 Year Built: 1982
Construction Materials: Block, Brick Cooling: Central Air
Country: US County Or Parish: Citrus
Foundation Details: Slab Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional
Parking Features: Common Property Condition: Completed
Property Sub Type: Office Property Type: Commercial Sale
Road Frontage Type: County Road Road Responsibility: Public Maintained Road
Road Surface Type: Paved Roof: Shingle
Showing Requirements: Appointment Only, Call Listing Agent, Call Listing Office Special Listing Conditions: None
Standard Status: Active State Or Province: FL
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