Turnkey Restaurant in Crystal
For Sale
Contact for pricing
Pending
508 N Citrus Ave, Crystal River, FL 34428
Fully renovated 160-seat restaurant in Crystal River's downtown.
Property Size2,952 SF
Lot Size0.52 Acres
Days on Market150
Property Features for 508 N Citrus Ave
General Information
Standard status
Pending
Size
2,952 SF
Lot size
0.52 Acres
Property subtype
Retail
Listing Agency:
Century 21 J W Morton Real Estate Inc
(352) 400-2635
Listed By:
Elias George Kirallah · License #BK3123414
Source:
Crexi
Added: Mar 26
Changed: Aug 17
Last Checked: Aug 21 at 10:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 J W Morton Real Estate Inc
Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity is located in the heart of Crystal River, Florida. The 160-seat restaurant, situated on a 0.52-acre corner lot, features a 2,952-square-foot concrete block building that was fully renovated in 2019. The property includes 27 private parking spaces, supplemented by street parking and nearby public lots. The restaurant is located in the city’s Downtown Wet Area, which allows alcoholic beverages to be enjoyed throughout the district. Its strategic location ensures high foot traffic, bolstered by interconnected trails and bike paths. Within a three-mile radius, there are national retail outlets, parks, and waterways leading to the Gulf of Mexico. The property is positioned to benefit from the newly completed Suncoast Parkway extension and future planned expansions. Citrus County is projected to grow to an estimated 350,000 residents by 2030. Just 15 minutes from the restaurant, there is a customer base of 46,361 residents with an average age of 58 and a median household income of $65,000. Nearby communities include Lecanto, Beverly Hills, Inverness, and Homosassa. The restaurant was renovated to offer a modern and inviting dining experience.
Key Highlights
- Turnkey restaurant opportunity in a prime downtown Crystal River location, recently reduced in price and fully renovated.
- Located in the Downtown Wet Area, allowing alcohol consumption throughout the district, enhancing revenue potential.
- Generous 0.52‑acre corner lot with 27 private parking spaces, a rare amenity in the downtown area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
179k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 40%
Superstores 13%
Groceries 4%
Wawa
Shops & Services
51,855 visits/mo
0.4 miles
McDonald's
Dining
29,141 visits/mo
0.3 miles
Big Lots
Superstores
23,339 visits/mo
0.4 miles
Taco Bell
Dining
15,079 visits/mo
0.3 miles
BP
Shops & Services
11,606 visits/mo
0.2 miles
Demographics for 34428, FL
9,583
Population
5,058
Households
1.9
Avg Household Size
54
Median Age
20%
College-Educated
89%
High-School Grad
67.1 sq mi
ZIP Area
143
Density / Sq Mi
$48,185
Median Household Income
$29,589
Median Earnings
$890
Median Rent
$236,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated 160-seat restaurant in Crystal River's downtown.
Where is this conventional restaurant located?
The property is located at 508 N Citrus Ave Crystal River, FL.
What are key features of this property?
This property features: Turnkey restaurant opportunity in a prime downtown Crystal River location, recently reduced in price and fully renovated.; Located in the Downtown Wet Area, allowing alcohol consumption throughout the district, enhancing revenue potential.; Generous 0.52‑acre corner lot with 27 private parking spaces, a rare amenity in the downtown area.
