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700 SE 5th Terrace, Crystal River, FL 34429
sale
$195,000
|
Commercial-Other
Listed By CENTURY 21 J W Morton Real Estate, Inc.
The escalating costs and impracticality of traditional office spaces have presented a challenge for businesses seeking cost-effective and strategic commercial solutions. In response, an unparalleled opportunity has emerged in the heart of Crystal River, Florida, within the rapidly growing Citrus County Nature Coast region. This 1,410 SF commercial office/retail unit offers a competitively priced, partly renovated space that combines functionality, location, and growth potential. Located within a thriving retail corridor, the property is strategically positioned amidst national retailers, dining establishments, essential services, City Hall, and the downtown Square. The unit, wired for surround sound, security systems, and high-speed internet, features a front retail area, a private office/exam room, and additional storage space. These amenities are designed to accommodate diverse business operations, from retail enterprises to professional office use. Citrus County is experiencing unprecedented growth, driven by the $135 million Suncoast Parkway expansion, which has significantly improved connectivity within the Tampa-St. Petersburg-Clearwater MSA-the 18th largest metropolitan area in the United States. The county's strategic location places it at the forefront of regional growth, with projections indicating a population surge from the current 153,600 residents to an estimated 350,000 by 2030 under the Land Development Code. The immediate vicinity of the property offers access to an ideal consumer base of 46,361 residents within a 15-minute radius. This demographic, characterized by an average age of 58 and a median household income of $65,000, demonstrates robust consumer spending habits. Approximately 66% of residents dine out regularly, while 89% frequent fast-food establishments, underscoring a strong demand for retail and dining services. Furthermore, healthcare expenditures, totaling over $106 million annually, highlight opportunities in medical and wellness-related sectors.
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Property Features
- Available Floors: 1
- Cooling: Central A/C
- Cross Docks: N
- Development ID: Not On List
- Exterior Description: Stucco
- Flooring: Concrete
- For Auction: N
- Heating - Fuel Type: Other
- Lot Size In Text: 0.03 Acres
- MLSID: 839106
- Parking Places: 16
- Price Upon Request: N
- Roof: Asphalt / Fiberglass
- Style: Other Style
- Sublease: N
- Tax Year: 2023
- Taxes: $1462.33
- Year Built: 1982
- Zoning: CG
Directions to This Property
700 SE 5th Terrace, Crystal River, FL 34429
Demographic Data for 700 SE 5th Terrace, Crystal River, FL 34429
Average Age
61
Married
50%
Number of Homes
4,370
Homes with Children
10.33%
Occupation Type
Transportation to Work
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Elias Kirallah
CENTURY 21 J W Morton Real Estate, Inc.
Commercial Specialist
p:
352-726-6668
m:
352-400-2635
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