48 NW US Highway 19
Crystal River, FL 34428

PRIME DOWNTOWN COMMERCIAL CORNER IN CRYSTAL RIVER, FL! 48 NW US HWY 19/565 NW 1st Avenue, Crystal River, Florida 34429 Prime Commercial Real Estate Opportunity in Downtown Crystal River, FL! Consisting of two buildings, totaling 3,348 SF of usable space for retail, office, and multi-family purposes. The buildings were built in 1963 and sit on .29 acres of General Commercial property, providing 20 parking spaces with additional city parking next door. This location allows for a wide range of uses, including retail, office, and restaurants, among others. Situated at the NW corner of US H1Y 19 (18,000 AADT) and NW 1st Avenue, just one block from the newly developed Crystal River Town Square and Riverwalk, City Cross Town Trail, as well as boutique restaurants and shops catering to tourism. Area amenities for tourists include Three Sister Springs, Hunter Springs Park, Kings Bay, and nearby public boat ramps. To the north of the property, you'll find Seven Rivers Hospital, while to the south, there is a 6-lane expansion of US 19 (spanning from the Hernando County Line to Fort Island Trail in Crystal River) and the Suncoast Parkway (589 Toll Road), allowing for a 1-hour and 9-minute commute to Tampa International Airport. National brands such as Walgreens, CVS, McDonald's, Taco Bell, Dunkin', Wawa, and Winn-Dixie are located in the vicinity. Being within Crystal River City Limits, this property presents a prime opportunity for redevelopment and inclusion in the 50-year vision for the CR Civic Master Plan, aiming to beautify the area and stimulate the local economy. Citrus County, where the property is located, is a growing community in the Tampa-St. Petersburg MSA is the 18th largest in the nation with 155,582 residents and an annual growth rate of 1.29%. Citrus County itself is the 34th largest county in the state and offers ample land for development, with over 60,000 vacant parcels approved for future projects. 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 Stoke'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 Hwy constructed from 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 on 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 Run Way 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.