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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. 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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$589,900
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 | $471,920 | $471,920 | $471,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.524% | 5.846% |
| Monthly Tax Payment | $19 | $19 | $19 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,792 | $2,944 | $3,887 |
| Total Monthly Payment | $2,903 | $3,055 | $3,998 |
* 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.