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Property profile & analytics
OFF-MARKET
Specialty properties

963 Suncoast Blvd Crystal River, FL 34429

Property ID
Property summary
AI-generated overview

This exceptional opportunity presents a well-established restaurant in Crystal River, Florida, listed at $239,000. The Olive Tree Restaurant, currently operating as a breakfast and lunch eatery, offers approximately 2,688 square feet of leasable space, plus an additional estimated 700 square feet of storage. The sale includes a beer and wine license and substantial inventory, encompassing kitchen equipment, walk-in coolers, and dining furniture. The efficient kitchen and prep area spans nearly 500 square feet, with a separate pantry. The property boasts a prime location on Suncoast Boulevard (US 19), benefiting from high traffic volume (31,000 average daily vehicles) and proximity to the Crystal River airport and Suncoast Parkway. The existing setup provides a solid foundation for continued success, with potential for expansion into dinner service or diversification into additional offerings like a bakery or wine bar within the extra storage space. This turnkey operation presents a unique chance to acquire a thriving business in a desirable location. The property is zoned for commercial use and is situated at 963 Suncoast Boulevard, Crystal River, FL 34429.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Olive Tree Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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