Unique Opportunity Of 7,804 SF 639 NE 1st St 7,850 SF Retail Building Crystal River, FL 34429 $827,135 CAD ($105.37 CAD/SF)

This offering presents a unique opportunity to acquire a 7,804 square foot commercial building situated on 0.47 acres within the City Limits of Crystal River, Florida, strategically located just off the primary commercial corridor of US Highway 19/98, which experiences approximately 27,500 vehicles per day. Positioned in the heart of one of the area’s most active retail and service districts, the property benefits from strong surrounding commercial activity including national grocers, retailers, quick-service and sit-down restaurants, bars, and local businesses, with Burger King located directly along the western boundary line of the property.
The building, originally constructed and operated as a daycare facility, features a large and flexible interior layout capable of supporting a wide variety of commercial uses. The structure includes expansive open flex areas, multiple private offices or possible exam rooms, seven roughed-in bathrooms, a laundry facility, and a kitchen/break area. This existing configuration provides an efficient foundation for numerous potential uses with minimal reconfiguration required. The property has never experienced flooding, an important distinction for investors and owner-users seeking operational reliability and long-term stability in coastal Florida markets.
The site is located just a few blocks from Downtown Crystal River Square and is zoned CH (Commercial High Intensity) under the City of Crystal River Land Development Code. This zoning designation allows for a wide range of commercial and institutional uses, creating significant flexibility for future ownership. Permitted or potential uses may include medical and professional office space, assisted living or skilled nursing facilities, rehabilitation or treatment centers, group homes, veterinary clinics, restaurants, bars, and various service-oriented businesses, subject to municipal approvals where applicable. The building’s size, layout, and zoning collectively position the property as an excellent adaptive reuse opportunity.
From a market perspective, the property benefits from its location within Citrus County, a region experiencing steady population growth and increasing commercial demand. The county currently supports a population of approximately 153,600 residents, with long-term planning capacity for approximately 350,000 residents under the county’s Land Development Code. Continued residential expansion, infrastructure investment, and regional economic development are driving increased demand for healthcare, service, and retail facilities throughout the county.
Citrus County is also included within the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area, which ranks as the 18th largest MSA in the United States. This regional connectivity provides access to the broader Tampa Bay economic ecosystem while maintaining the advantages of a growing secondary market with lower entry costs and expanding demand for services.
Within a 15-minute drive time, the property serves a core consumer base of approximately 46,361 residents, with an average age of 58 years old and a median household income of approximately $65,000. This demographic profile creates strong demand for medical services, assisted living, professional offices, wellness services, and neighborhood retail, making the property particularly attractive for operators within healthcare, service, and community-based business sectors.
The combination of strategic location, flexible zoning, strong regional demographics, and a large adaptable building footprint creates a compelling opportunity for investors, owner-users, and developers seeking to establish or expand operations in one of Florida’s steadily growing Gulf Coast markets. With continued population growth and increasing commercial activity throughout Citrus County, this asset represents an attractive entry point into a high-visibility commercial corridor with long-term growth potential.
Investment Highlights HUGE BUILDING AND GREAT VALUE FOR ADAPTIVE RE-USE
-Large Commercial Building: ±7,804 SF former daycare facility situated on 0.47 acres within the City Limits of Crystal River, Florida.
-Never Flooded: Property has no history of flooding, providing added operational stability and insurance advantages.
-High Visibility Location: Positioned just off US-19/98, the area’s primary commercial corridor with 27,500 vehicles per day (AADT).
-Strong Retail Corridor: Surrounded by national grocers, retailers, restaurants, bars, and local businesses with Burger King directly bordering the western property line.
-Proximity to Downtown: Located just a few blocks from Downtown Crystal River Square, placing the property within an active commercial and civic hub.
-Flexible Zoning: Zoned CH – Commercial High Intensity, allowing for a wide variety of potential uses including:
-Medical / Professional Office
-Assisted Living / Skilled Nursing
-Rehabilitation or Treatment Facilities
-Group Homes
-Veterinary Clinics
-Restaurants, Bars, and Service Retail
-Adaptable Interior Layout: Current configuration includes large open flex areas, multiple offices/exam rooms, seven roughed-in bathrooms, laundry area, and kitchen/breakroom, offering strong adaptive reuse potential.
-Multi-Tenant Potential: Building footprint and layout provide opportunity for conversion into multiple suites or income-producing tenancy.
-Growing Market: Located in Citrus County, which currently has 153,600 residents with planned capacity for approximately 350,000 residents under the county’s land development framework.
-Regional Economic Strength: Citrus County is part of the Tampa–St. Petersburg–Clearwater MSA, the 18th largest metropolitan area in the United States.
-Strong Local Demographics: Within a 15-minute drive, the property serves 46,361 residents, with an average age of 58 and median household income of approximately $65,000.
-Ideal for Owner-Users or Investors: Suitable for medical users, service businesses, adaptive reuse projects, or redevelopment into a multi-tenant income property.