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Bring your shovel and vision to this prime 11. 51-acre commercial property in the heart of Florida’s Nature Coast, located in the City of Crystal River, Citrus County. With 1, 730+ feet of frontage along US Highway 19—a major thoroughfare with 27, 500 AADT—this property offers exceptional visibility and accessibility for businesses looking to capitalize on the area's growth. Zoned CH (High Intensity Commercial), this versatile property is ideal for a wide range of commercial developments, including large-scale businesses, retail stores, quick-service and dine-in restaurants, hotels, professional and medical offices, self-storage facilities, gas stations, convenience stores, drugstores, warehouses, terminals, and shopping centers. Its strategic location provides an excellent opportunity for businesses seeking high traffic exposure and access to a rapidly expanding customer base. Positioned just north of Crystal River’s Historic Downtown, the site is surrounded by trendy shops, local vendors, charming restaurants, and entertainment venues. The area is experiencing rapid economic growth, with significant new developments already underway. Among them, the former Crystal River Mall is being transformed into a 400-unit residential apartment community with mixed-use retail, bringing an influx of new residents and potential customers. 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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$689,000
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 | $551,200 | $551,200 | $551,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.533% | 5.794% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,261 | $3,439 | $4,504 |
| Total Monthly Payment | $3,353 | $3,531 | $4,596 |
* 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.