740 5th Avenue, CRYSTAL RIVER, FL 34428
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- MLS#: W7883744 ( Commercial Sale )
- Street Address: 740 5th Avenue
- Viewed: 11
- Price: $1,585,000
- Price sqft: $77
- Waterfront: No
- Year Built: 1972
- Bldg sqft: 20648
- Days On Market: 11
- Additional Information
- Geolocation: 28.902 / -82.5861
- County: CITRUS
- City: CRYSTAL RIVER
- Zipcode: 34428
- Subdivision: Crystal Park
- Provided by: PREMIERE PROPERTIES
- Contact: Nicki Vogiatzis
- 352-293-1908

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DescriptionShort Sale. Investor Opportunity in Crystal River 19 Unit Apartment Complex Rare redevelopment opportunity in the heart of Crystal River. This 19 unit apartment building offers incredible potential for investors, developers, or builders looking to capitalize on the growing demand for housing in this highly desirable Gulf Coast community. The property sustained significant hurricane damage and is being sold as is, presenting a prime chance to renovate, rebuild, or reimagine the site to maximize its income potential. Situated in an area known for its natural beauty, tourism, and waterfront lifestyle, the location continues to attract residents, seasonal visitors, and long term tenants alike. With strong rental demand in Citrus County and limited multifamily inventory, this property provides the opportunity to restore a 19 unit income producing asset or redevelop the site entirely. Conveniently located near local shops, dining, marinas, and the famous springs and outdoor attractions that make Crystal River such a sought after destination. Property consists of (2) 7 PLEXES, (2) DUPLEXES, (1) SFR
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Garage Spaces
- 0.00
Heating
- Central
Insurance Expense
- 0.00
Legal Description
- CRYSTAL TERRACE CONDO AKA TOWNSITE OF CRYSTAL PARK LOTS 35 36 37 38 & 39
Living Area
- 20648.00
Area Major
- 34428 - Crystal River
Net Operating Income
- 0.00
Occupant Type
- Vacant
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 17E-18S-21-0010-00000-0350
Parking Features
- Common
Possession
- Close Of Escrow
Property Condition
- Fixer
Property Type
- Commercial Sale
Road Frontage Type
- City Street
Roof
- Shingle
Sewer
- Public Sewer
Tax Year
- 2025
Township
- 18S
Utilities
- Electricity Available
- Water Nearby
Views
- 11
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/W7883744
Water Source
- Public
Year Built
- 1972
Zoning Code
- R3






