508 N Citrus Avenue Crystal River, FL 34428
For Sale MLS# OM688885
2,952 sq ft Commercial
Details for 508 N Citrus Avenue
MLS# OM688885
Description for 508 N Citrus Avenue, Crystal River, FL, 34428
Former restaurant opportunity located in the heart of Central Florida’s Gulf Coast, capturing the essence of casual dining at its finest. Positioned prominently on a prime downtown block in Crystal River, Florida, this 160-seat restaurant is available for the first time, nestled within the city’s designated Downtown Wet Area, which allows for alcoholic drinks throughout the district. Situated on a generous 0.52-acre corner lot, this property offers unparalleled convenience with 27 rare, private parking spaces onsite, supplemented by ample street parking and nearby public lots. The building, a solid 2,952-square-foot Concrete Block structure, underwent a full renovation in 2019, presenting a modernized and inviting environment for diners. Strategically located to maximize foot traffic, the restaurant is accessible via interconnected trails and bike paths that attract both locals and tourists alike. Within a three-mile radius, patrons are surrounded by popular national retail outlets, lush parks, and waterways leading to the Gulf of Mexico, providing an ideal setting to draw in visitors seeking both leisure and fine dining. This is a rare chance to acquire a piece of Central Florida’s culinary scene, offering an exceptional opportunity to operate a thriving business in a vibrant downtown locale. Equipment and fixtures are to be sold separately; please inquire with the listing agent for details. Don’t miss your opportunity—schedule a private viewing today to explore the endless possibilities that await. The property is poised to benefit from the newly completed Suncoast Parkway extension, along with future planned expansions, which position Citrus County for unprecedented growth within the Tampa Metropolitan Statistical Area (MSA). Just 15 minutes from the property, an ideal customer base of 46,361 residents awaits, with an average age of 58 and a median household income of $65,000. This property grants access to flourishing nearby communities including Lecanto, Beverly Hills, Inverness, and Homosassa. As part of Citrus County, currently home to 153,600 residents, the area is projected to grow exponentially, reaching an estimated 350,000 residents under Citrus County’s Land Development Code by 2030. Located within Tampa–St. Petersburg–Clearwater MSA—ranked as the 18th largest in the U.S.—Citrus County stands out as one of the nation’s most promising real estate markets. Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property-related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.
Listing Information
Property Type: Commercial, Business
Status: Active
Lot Size: 0.52 Acres
Square Feet: 2,952 sq ft
Year Built: 1959
Stories: 1 Story
Construction: Block
Construction Display: New Construction
Subdivision: Sylvan Glen Add
Foundation: Slab
County: Citrus
Construction Status: New Construction
Interior Features
Flooring: Concrete
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Municipal Utilities
Cooling: Central Air
Exterior / Lot Features
Parking Description: Parking Space(s)
Roof: Shingle
Lot Dimensions: 151x155
Additional Exterior/Lot Features: Corner Lot, Trees
Driving Directions
Located in Crystal River, right on the corner of N Citrus Ave. and NW 5th Street.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 17E-18S-21-0060-00000-0740
Tax Amount: 10584.93
Tax Year: 2023
A broker reciprocity listing courtesy: CENTURY 21 J.W.MORTON R.E.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 508 N Citrus Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 508 N Citrus Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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