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311 NE 4th Ave - Beautiful Beginnings at Bayside

11,880 SF Health Care Building Offered at $2,500,000 in Crystal River, FL 34429

Investment Highlights

  • Near the most heavily traveled intersection in rapidly growing Citrus County, Florida
  • Built 2012/Remodeled 2023
  • Built to Americans with Disabilities Act (ADA) standards
  • State Road 44 Annual Average Daily Traffic (AADT) 31,500 vehicles and US HWY 19 AADT 27,500 vehicles
  • Extensive infrastructure and features

Executive Summary

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.

Property Facts Under Contract

Price $2,500,000
Price Per Bed $89,286
Sale Type Investment
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Congregate SeniorHousing
  • Healthcare Rehabilitation Center
Building Class C
Lot Size 0.82 AC
Building Size 11,880 SF
No. Beds 28
No. Stories 1
Year Built/Renovated 2012/2023
Parking Ratio 1.6/1,000 SF

Amenities

  • Wheelchair Accessible
  • Smoke Detector
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17E-18S-21-0140-00000-0330
Land Assessment
$152,130
Improvements Assessment
$1,657,093
Total Assessment
$1,809,223

zoning

Zoning Code CH (High Intensity Commercial permits large scale businesses, commercial operations, light assembly, institutional uses, and essential public services.)
CH (High Intensity Commercial permits large scale businesses, commercial operations, light assembly, institutional uses, and essential public services.)
  • Listing ID: 33868658

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 311 NE 4th Ave, Crystal River, FL 34429

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