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3426-3460 N Citrus Ave
Crystal River, FL 34428
Retail Property For Sale
Investment Highlights
- Mixed-use zoning with flexible development options.
- Live onsite with added income from storage yard.
- On-site parking serves customers, employees, and visitors.
- High visibility and access to major Crystal River roads.
- Convenient access to local shopping, services, and community amenities.
- Positioned along N Citrus Avenue within Crystal River’s established commercial area.
Executive Summary
Positioned in the heart of Crystal River, Florida, this 2.53-acre mixed-use property at 3426–3460 N Citrus Ave presents a rare investment opportunity in one of Citrus County’s most active commercial corridors. The site features ten established commercial units, a single-family residence with conversion potential, and a spacious storage yard, offering a diversified income stream with a reported annual rent roll of $114,310 It has an opportunity to make so much more. the owner is occupying the residential space so that would increase value if a buyer would use the space. The storage yard is roughly half full due to seller's schedule not allowing time to enhance that part of property.
Strategically located with excellent visibility and direct access to major thoroughfares, the property benefits from high traffic counts and proximity to Crystal River’s vibrant downtown, known for its tourism, retail, and recreational appeal. The mixed-use zoning allows for a wide range of commercial and residential applications, making it ideal for investors seeking flexibility or owner-users pursuing a live/work setup.
Recent renovations enhance the property’s appeal, and the expansive parking and yard space support a variety of business types—from retail and service providers to contractors and logistics operations. With the potential to convert the residential home into two rental units, the site offers further upside for income generation.
Whether expanding a portfolio or launching a business in a high-demand market, this property delivers a compelling blend of location, versatility, and cash flow.
Strategically located with excellent visibility and direct access to major thoroughfares, the property benefits from high traffic counts and proximity to Crystal River’s vibrant downtown, known for its tourism, retail, and recreational appeal. The mixed-use zoning allows for a wide range of commercial and residential applications, making it ideal for investors seeking flexibility or owner-users pursuing a live/work setup.
Recent renovations enhance the property’s appeal, and the expansive parking and yard space support a variety of business types—from retail and service providers to contractors and logistics operations. With the potential to convert the residential home into two rental units, the site offers further upside for income generation.
Whether expanding a portfolio or launching a business in a high-demand market, this property delivers a compelling blend of location, versatility, and cash flow.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,300 SF
Building Class
C
Year Built
1993
Price
$2,743,650 CAD
Price Per SF
$295.02 CAD
Cap Rate
5.85%
NOI
$160,398 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.08
Lot Size
2.53 AC
Zoning
CH - commercial uses along major roadways, allowing for a mix of retail, service, and office activities
Parking
45 Spaces (4.84 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 17E-18S-21-0010-00000-4600 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $678,676 CAD |
Property Taxes
Parcel Number
17E-18S-21-0010-00000-4600
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$678,676 CAD
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