Bought with Florida Licensed Broker-Agent • Florida Licensed Brokers/Agents
$2,300,000
$2,500,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
311 NE 4th AVE Crystal River, FL 34429
0.81 Acres Lot
Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Subdivision Bayview Homes
MLS Listing ID 834017
Sold Date 03/20/25
HOA Y/N No
Year Built 2012
Annual Tax Amount $37,716
Tax Year 2024
Lot Size 0.810 Acres
Acres 0.81
Property Sub-Type Hotel/Motel
Property Description
Prime 11,880 sqft Assisted Living Facility (ALF) that holds an ALF Business Tax License with the City of Crystal River located on .81 of an acre in beautiful downtown Crystal River near the most heavily traveled intersection in rapidly growing Citrus County. State Road 44 Annual Average Daily Traffic (AADT) 31,500 vehicles and US HWY 19 AADT 27,500 vehicles. The building was built in 2012 and operated as a 24 bed ALF and Memory Care operation until the 2020 building addition added four additional ALF rooms bringing the total bed count to 28. Parcel could easily claim to be one of the highest points in Crystal River as the building sits almost 11ft above grade. Property contains extensive infrastructure and features, such as; a full commercial kitchen with natural gas cooking capabilities, commercial laundry with natural gas powered dryers, natural gas central HVAC system, natural gas whole building generator, wired security camera system, internet network capabilities, and building wide fire protection system. Building was renovated in 2023, and is also built to Americans with Disabilities Act (ADA) standards. CH zoning (High Intensity Commercial) permits large scale businesses, commercial operations, light assembly, institutional uses, and essential public services.
Location
State FL
County Citrus
Area 16
Zoning CH
Interior
Interior Features Handicap Access, High Ceilings, In-Law Floorplan, Solar Tube(s)
Heating Central, Gas, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Flooring Luxury Vinyl Plank, Tile, Vinyl
Fireplace No
Exterior
Exterior Feature Landscaping, Lighting, Rain Gutters, Concrete Driveway
Parking Features Concrete, Driveway, Parking Space(s), Carport
Fence Split Rail
Utilities Available High Speed Internet Available
Water Access Desc Public
Roof Type Metal
Present Use Hotel/Motel
Total Parking Spaces 19
Building
Lot Description Corner Lot, Rectangular, Sloped
Story 1
Entry Level One
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Tax ID 3494346
Security Features Fire Sprinkler System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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