700 SE 5th Ter #suite 4 , CRYSTAL RIVER, FL 34429
CRYSTAL RIVER, FL 34429
Description
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 MSAthe 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.
Details
| MLS# | OM689656 |
|---|---|
| Listing Type | For Sale |
| Style | Office Building |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1982 |
| Days On Site | 46 |
| Listing Provided By | CENTURY 21 J.W.MORTON R.E. | Elias Kirallah |
Features
| SQ Feet | 1,410 |
|---|---|
| Story(s) | 1 |
| Zoning | CG |
| Acreage | 0.03 |
Market Activity 34429
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Learn More About This Property
| State | FL |
|---|---|
| County | Citrus |
| City | CRYSTAL RIVER |
| Zip Code | 34429 |
| Area | 34429 Crystal River |
| Community Name | PLANTATION VILLAGE UNREC |
| Listing VS Median (in PLANTATION VILLAGE UNREC) | |
Price: $195,000 low | high Med: $195,000 SqFt: 1,410 low | high Med: 1,410 $ / SqFt: $138 low | high Med: $138 On Site: 46 low | high Med: 46.000000 | |