311 4th Ave Crystal River, FL 34429-4222

This exceptional $2,500,000 investment opportunity presents a unique blend of commercial and hospitality uses in a high-traffic area of Crystal River, Florida. The 11,880 square foot building, constructed in 2012 and extensively renovated in 2023, currently operates as a 28-bed assisted living facility (ALF) and memory care center, holding a valid ALF Business Tax License from the City of Crystal River. Situated on a 0.81-acre lot at a prominent downtown intersection, the property benefits from exceptional visibility and accessibility. The location boasts high annual average daily traffic counts on nearby State Road 44 (31,500 vehicles) and US Highway 19 (27,500 vehicles). The single-story building features a full commercial kitchen with natural gas appliances, a commercial laundry with natural gas dryers, a natural gas central HVAC system, a whole-building natural gas generator, a wired security camera system, robust internet network capabilities, and a comprehensive fire protection system. Built to ADA standards, the property includes 19 parking spaces and 20 keys. The CH (High Intensity Commercial) zoning allows for a wide range of uses, including large-scale businesses, commercial operations, light assembly, institutional uses, and essential public services. The building sits approximately 11 feet above grade, offering potential advantages. This property represents a compelling investment opportunity in a rapidly growing market.