Sean Glickman and Coldwell Banker Commercial NRT are proud to present the Crystal River Plaza. This grocery center that is shadow anchored by Sweetbay Supermarket is one of the most successful centers in Citrus County. The lack of grocery anchored centers in the vicinity contributes to the high occupancy average level of 92%. The property is located on a hard signalized intersection with an excellent frontage and visibility on U.S. Highway 19, a major north/south thoroughfare in the State of Florida. The center is located in Crystal River, just minutes away from Kings Bay and Homosassa Springs State Park,the city' s primary tourist destinations. This community, located 67 miles north of Tampa near the Gulf Coast, continues to experience good population growth and tourism. The property has a good tenant mix with tenants such as Dollar Tree, Metro PCS, H&R Block and Sweetbay Liquor. The property offers a good value add potential with two new LOI leases that will start paying rent in January 2013, adding $65,000 to your NOI soon after the closing. Buyer shall pay for tenant improvements. The closing cannot take place prior to January 1st 2013 due to tax reasons.


Property Type: Retail
Listing ID: ZW2GSG
Style: Other Style
Building Size: 46,831 SF
Lot Size: 5 SF
Area Description

Region: Crystal River

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