508 N Citrus Ave Crystal River, FL 34428
Property Lookup
Property profile & analytics
508 N Citrus Ave Crystal River, FL 34428
- Turn key restaurants
- 2,952 SF
- 0.52 lot acres
Property ID
US18-1855784
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Kane's Cattle Co. / Restaurant
Property Details for 508 N Citrus Ave
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.52 lot acres
- Property size
- 2,952 SF
- Zone code
- CG GENERAL COMMERCIAL
- Property type
- Turn key restaurants
- APN
- 17E-18S-21-0060-074.0
- APU
- 17E18S2100600740
Description
This exceptional 2,952-square-foot restaurant property, located in Crystal River, Florida, presents a unique investment opportunity. Situated on a 0.52-acre corner lot, this vacant, single-story building boasts 27 on-site parking spaces, supplemented by ample street parking. Completely renovated in 2019, the concrete block structure offers a modern and inviting space, perfect for a variety of food and beverage concepts. The property benefits from its prime downtown location within the city's designated Downtown Wet Area, allowing for alcohol sales. Its strategic placement maximizes foot traffic, with easy access via interconnected trails and bike paths. Within a three-mile radius, the property is surrounded by national retailers, parks, and waterways leading to the Gulf of Mexico. The property is ideally positioned to benefit from the recently completed Suncoast Parkway extension and future planned expansions, positioning Citrus County for significant growth within the Tampa Metropolitan Statistical Area (MSA). A strong customer base of 46,361 residents within a 15-minute radius, with a median household income of $65,000 and an average age of 58, provides a solid foundation for a successful business. The property is part of a rapidly growing area, with Citrus County projected to reach an estimated 350,000 residents by 2030. This is a rare chance to acquire a thriving business in a vibrant downtown locale. The asking price is $1,100,000. Equipment and fixtures are sold separately. The property is zoned CG. Built in 1959.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $675,000
- ML approach
- $640,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $792,000
- AI Estimate
- $444,000
Market price range: $420k - $1.27MMarket price range: $272k - $677k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Crystal River
- County
- Citrus
- State
- Florida
- Longitude
- -82.5934
- Latitude
- 28.8984
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,585
$117,190
$409,170
$526,360
-
$117,190
$409,170
$526,360
