180 N Suncoast Blvd Crystal River, FL 34429
- Banks
- 5,534 SF
- 6.22 lot acres
Current Use by Public Records
- BB&T Mortgage / Mortgage Lender
- BB&T ATM / Atm
- ATM (BB&T) / Atm
Property Details for 180 N Suncoast Blvd
- Year built
- 2003
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.22 lot acres
- Property size
- 5,534 SF
- Zone code
- CH HIGH INTENSITY COMMERC
- Property type
- Banks
- APN
- 17E-18S-34-33000-00B.0
- APU
- 17E18S343300000B0
Description
This exceptional 5,534-square-foot retail property, situated on a 1.42-acre lot in Crystal River, Florida, presents a compelling investment opportunity. Previously occupied by Truist Bank, this vacant building offers a versatile layout ideal for various uses, including a bank, quick-service restaurant, or full-service restaurant, as permitted by the CH zoning. The property boasts eight large offices, a teller counter, employee kitchen, two restrooms, and a substantial bank vault, all within a well-maintained structure built in 2003. Its strategic location on highly trafficked US Hwy 98 (27,000 AADT) ensures exceptional visibility, enhanced by a large pylon sign and multiple points of ingress/egress at a lighted intersection. The property's convenient location, just five minutes from downtown Crystal River, offers easy access to a thriving tourist area and the nearby King's Bay, known for its manatee population and numerous attractions. Furthermore, its proximity to the Crystal River Shopping Plaza and major retailers like Home Depot, Chili's, Applebee's, and Bealls provides significant synergy and potential for increased foot traffic. The ample 1.42-acre lot size also presents a compelling redevelopment opportunity for those seeking to maximize the property's potential. The asking price is $1,995,000, translating to $360.50 per square foot. The property includes 43 parking spaces.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,570,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,015,000
- 6.5%
- $1,715,000
- 7%
- $1,920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,830,000
- Geo Method
- $1,765,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,645,000
- Retail
- $1,825,000
- Mixed-Use
- $1,855,000
- Hospitality
- $1,815,000
- Educational
- $2,105,000
- Residential Income
- $1,905,000
- Energy
- $1,705,000
- Income-Based Land
- $1,655,000
- Food Service
- $2,195,000
Location Insight
- Map
- Local Demand
- City
- Crystal River
- County
- Citrus
- State
- Florida
- Longitude
- -82.5817
- Latitude
- 28.8649
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
