Unique Opportunity Of 7,804 SF Commercial Building
Commercial Building Situated On 0.47 Acres
Marketing description
HUGE BUILDING, EXCEPTIONAL VALUE, AND ENDLESS ADAPTIVE REUSE POTENTIAL
Building Size: 7.804 SF
Lot Size: .47 Acres
Zoning: CG/CH (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)
PRICED AT ONLY $ 76/SF
VIRTUAL TOUR LINK: https://mls.ricoh360.com/94e11017-f958-467b-9d0c-593cb86eda9e
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
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.
Investment highlights
Logistic Details:
County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once the former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.
County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest and ends at SR 200 in Syou’re toke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491.
County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these types of 'coastal spur' routes, in West Central Florida, it is county-maintained.
U.S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U.S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Highway was constructed from the Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.
Suncoast Parkway:
The Suncoast Parkway recently opened was a $135 Million Dollar expansion that extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries, and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System. The Suncoast Parkway is just 68 Miles 1 hour and 15 mins from Tampa making it a great commuting Highway for the workforce seeking to be outside of the Tampa traffic. The Veterans Expressway and Suncoast Parkway is a north–south toll road near the Florida Gulf Coast. Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto.
Citrus County Growth:
Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data. Citrus County, Florida is the 34th largest county in Florida. The 2010 Population was 141,173 and has seen a growth of 10.21% since this time. Citrus County's current LDC allows for approximately a population of 350k residencies. Given the expansion of the Suncoast Parkway and the 6-lane expansion of US 19, we are in the path of tremendous growth. Currently, Citrus County has 60,000 vacant parcels of land prime for development. The County and incorporated Cities have plans for extensive utility expansion throughout the county including the expansion of the Crystal River Airport Runway 5000 feet to allow for larger aircraft to land and take off including a newly funded 75 acres industrial complex granted by the state to expand utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features.
Community Development:
957 single-family residential homes on a 354-acre site in Lecanto.
500-lot subdivision, located in Citrus Springs by Habitat for Humanity of Citrus County.
Green Mills Group 2020 built a 106-unit apartment campus offering affordable housing on Colonnade Street in Inverness.
County commissioners approved a planned unit development (PUD) for Preservation Point RV Resort, a 234-acre property.
Jaymelday Holdings LLC calls for up to 600 RV sites, along with amenities such as a pool, golf cart rentals, bar and grill, basketball court, and walking trails in Crystal River.
207 Home subdivision by DR Horton in Beverly Hills, Florida Citrus Ridge Area.
930 Unit Subdivision in Planning with a national builder in Lecanto just off the Suncoast Parkway extension on SR 44.
Disclaimer to the consumer:
This report is provided strictly for analysis and assumption purposes only. All financial models, development scenarios, and valuation estimates are based on hypothetical inputs and public information available at the time of preparation. The projections herein are not guaranteed, and no warranty or representation is made regarding the accuracy, completeness, or feasibility of any statements or conclusions presented. All data, including fill costs, rents, cap rates, and construction assumptions, must be independently verified through appropriate licensed professionals, engineers, surveyors, and governmental authorities prior to any investment, acquisition, or development decisions. The broker, its affiliates, and associated parties do not warrant or guarantee any outcome based on this analysis.
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