Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Norvell Bryant Hwy Crystal River, FL 34429

    For Sale
    $1,500,000

    11 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11-acre parcel, located on West Norvell Bryant Highway in Crystal River, Florida (APN: 17E18S250270 0020), presents a remarkable opportunity for multi-family residential and commercial development. Zoned for multi-family use (MF), this property is approved for up to 168 multi-family units, making it ideal for a substantial residential project. The land boasts three convenient access points, and essential utilities, including water and sewer, are readily available at the site. The attractive elevation changes across the property offer unique design possibilities for a visually appealing development. Enjoy excellent road frontage along a busy corridor averaging 13,000 vehicles daily, providing high visibility and accessibility. Situated near the Summerhill condos and Meadowcrest neighborhood, this prime location offers proximity to Crystal River's amenities and services. Furthermore, its advantageous position near the planned Suncoast Parkway extension exit ensures easy access to major transportation routes. Future residents will also appreciate the close proximity to outdoor recreational areas such as Crystal River State Preserve, Three Sisters Springs, Kings Bay, Withlacoochee State Forest, and the Gulf of Mexico. Ocala and Gainesville are also within a reasonable driving distance. The asking price is $1,500,000, translating to $136,364 per acre. This represents the remaining portion of the Meadowcrest DRI.

    Property Features for 0 Norvell Bryant Hwy

    General Information

    Property type
    Land
    Lot Size
    479,160 SF

    HighLights

    • $1,500,000 asking price for 11 acres of land.
    • Multi‑family residential and commercial zoning (MF) permitting 168 units.
    • Three access points, water, and sewer available on‑site.
    • Excellent road frontage and desirable elevation changes.
    • Adjacent to Summerhill condos and Meadowcrest neighborhood.
    • Prime location near the planned Suncoast Parkway extension.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.534408
    Latitude
    28.8903807

    Nearby Similar for Sale

    • New
      $2,600,000
      2.29 Acres

      Freestanding Office Building on US 19

      7,585 sq ft office building on 2.29 acres.
      268 S Suncoast Blvd, Crystal River, FL 34429
      View Details
    • New
      $329,000
      3,059 SF

      Fourplex with Warehouse in Crystal River

      Fourplex with bay-loading warehouse near Kings Bay.
      00-00 Pennsylvania Ave, Crystal River, FL 34429
      View Details
    • $2,000,000
      2.53 Acres

      Crystal River Mixed-Use Investment Property

      2.53-acre commercial property with mixed-use zoning in Crystal River, FL.
      3438 N Citrus Ave, Crystal River, FL 34428
      View Details
    • $575,000
      0.47 Acres

      Downtown Crystal River Commercial Gem

      Unique commercial property in Crystal River's downtown district.
      272 NE 3Rd St, Crystal River, FL 34429
      View Details
    • $2,000,000
      11,580 SF

      Crystal River Mixed-Use Investment Opportunity

      2.53-acre mixed-use property with commercial units and residential home.
      3438 N Citrus Ave, Crystal River, FL 34428
      View Details
    • New
      $899,000
      0.95 Acres

      Turnkey Mixed-Use Investment Property

      Rare, fully leased mixed-use property in downtown Crystal River.
      155 SE Us Highway 19, Crystal River, FL 34429
      View Details

    FAQs

    What type of property is this?
    Land - 11 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at Norvell Bryant Hwy Crystal River, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for 11 acres of land.; Multi-family residential and commercial zoning (MF) permitting 168 units.; Three access points, water, and sewer available on-site.
    Request Owner's contact information
    Norvell Bryant Hwy Crystal River, FL 34429
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Norvell Bryant Hwy
    Crystal River, FL 34429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Norvell Bryant Hwy Crystal River, FL 34429
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.