This former gas station and convenience store is located at the southwest corner of the busy HWY 44/W Gulf to Lake Hwy commercial corridor (18, 900 AADT) and W Fox Ln. in Crystal River, Florida, part of Citrus County in the Tampa/St. Petersburg MSA. Situated on a 1. 04-acre corner lot zoned GNC, the property offers 140 feet of visibility on SR 44. The 2, 400 SF convenience store features a gas canopy (dispenser removed), with fueling tanks still present and capable of being reestablished.
The property benefits from its proximity to key infrastructure, including the newly constructed SR 44/589 Toll Road and its future expansion to CR 486, just 1. 7 miles east, as well as the major intersection of US 19 and SR 44, located 4. 9 miles to the west. Within a 10-mile radius, the area includes prominent communities such as Citrus Hills Terra Vista, Black Diamond with its PGA-caliber golf courses, and larger population centers like Lecanto, Beverly Hills (“The Central Ridge”), and historic downtown Inverness. Citrus County, home to 153, 600 residents, is poised for significant growth, with projections under the County’s Land Development Code estimating a population of 350, 000 by 2030.
As part of Tampa–St. Petersburg–Clearwater MSA—the 18th largest metropolitan area in the United States—Citrus County is recognized as a premier real estate market. The City of Inverness has invested heavily in revitalization efforts, including the construction of lakefront parks such as Liberty Park, Wallace Brooks Park, and the Depot District.
Additionally, the recent $135 million expansion of the Suncoast Parkway and its planned future extensions position Citrus County for exponential growth within the Tampa MSA. Within a 15-minute drive of the property, the customer base includes 46, 361 residents, with an average age of 58 and a median household income of $65, 000—an ideal demographic for retail and commercial ventures.
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William Raveis Real Estate
Phone: 888.699.8876
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $33,600 | $33,600 | $33,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $323 | $323 | $323 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $224 | $229 | $290 |
Total Monthly Payment | $622 | $627 | $688 |
* 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.