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Prime commercial development opportunity located within the city limits of Crystal River, Florida. This ±1. 37-acre site offers approximately 130 feet of frontage on US Highway 19 with estimated traffic counts of 24, 000 vehicles per day. Zoned primarily Urban Center–1 (UC-1), allowing a wide range of retail, medical, financial, and service-based uses (no outdoor storage).
The property is approximately 90% buildable and offers excellent depth for building, parking, and retention, with potential rear access—ideal for drive-thru or dual-ingress site design. City sewer available. Survey and aerials on file.
Surrounded by established national and regional banks, healthcare providers, and restaurants, including Cedar River Seafood immediately to the north. The site directly adjoins a gated manufactured home community with approximately 540 residences, providing a built-in customer base.
Located less than one mile from City Hall, the Citrus County Chamber of Commerce, and Crystal River Airport, and within close proximity to a major retail redevelopment project currently underway along US Highway 19. City staff has expressed support for redevelopment and recommends consistent UC-1 zoning across the parcel.
Possible owner financing, lease, or 1031 exchange considered. Excellent infill opportunity in a growing commercial corridor.
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Our Executive Mortgage Banker:
Our Insurance Division:
$250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $200,000 | $200,000 | $200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,231 | $1,263 | $1,661 |
| Total Monthly Payment | $1,306 | $1,338 | $1,736 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.