Former restaurant opportunity located in the heart of Central Florida’s Gulf Coast, capturing the essence of casual dining at its finest. Positioned prominently on a prime downtown block in Crystal River, Florida, this 160-seat restaurant is available for the first time, nestled within the city’s designated Downtown Wet Area, which allows for alcoholic drinks throughout the district.
Situated on a generous 0.52-acre corner lot, this property offers unparalleled convenience with 27 rare, private parking spaces onsite, supplemented by ample street parking and nearby public lots. The building, a solid 2,952-square-foot Concrete Block structure, underwent a full renovation in 2019, presenting a modernized and inviting environment for diners. Strategically located to maximize foot traffic, the restaurant is accessible via interconnected trails and bike paths that attract both locals and tourists alike.
Within a three-mile radius, patrons are surrounded by popular national retail outlets, lush parks, and waterways leading to the Gulf of Mexico, providing an ideal setting to draw in visitors seeking both leisure and fine dining. This is a rare chance to acquire a piece of Central Florida’s culinary scene, offering an exceptional opportunity to operate a thriving business in a vibrant downtown locale. Equipment and fixtures are to be sold separately; please inquire with the listing agent for details.
Don’t miss your opportunity—schedule a private viewing today to explore the endless possibilities that await. The property is poised to benefit from the newly completed Suncoast Parkway extension, along with future planned expansions, which position Citrus County for unprecedented growth within the Tampa Metropolitan Statistical Area (MSA). Just 15 minutes from the property, an ideal customer base of 46,361 residents awaits, with an average age of 58 and a median household income of $65,000.
This property grants access to flourishing nearby communities including Lecanto, Beverly Hills, Inverness, and Homosassa. As part of Citrus County, currently home to 153,600 residents, the area is projected to grow exponentially, reaching an estimated 350,000 residents under Citrus County’s Land Development Code by 2030. Located within Tampa–St. Petersburg–Clearwater MSA—ranked as the 18th largest in the U.S.—Citrus County stands out as one of the nation’s most promising real estate markets.
-Location: At the crossroads of convenience and charm, this restaurant commands a prime spot in the bustling downtown district. Surrounded by the vibrant energy of the city, yet cocooned in its own oasis of tranquility, it offers the best of both worlds. Easily accessible via interconnected trails, pedestrian walkways, and bike routes, it invites patrons to embark on a culinary adventure with every visit.
-Property: The restaurant's physical presence is as impressive as its culinary offerings. Situated on a sprawling .52-acre corner lot, the property boasts ample parking with 27 onsite spaces, supplemented by street parking and nearby public lots. The building itself, a robust 2,952 square foot Concrete Block structure, stands as a testament to both resilience and refinement. Fully renovated and rebuilt in 2019, it exudes a timeless elegance that seamlessly blends with modern amenities.
-Renovations: The renovation journey of this establishment was nothing short of transformative. Every detail, from the interior layout to the structural enhancements, was meticulously curated to elevate the dining experience to new heights. Notably, flood-proofing measures were implemented to safeguard against inclement weather, ensuring the safety and security of both patrons and property.
-Ambiance: Step through the doors and into a world of understated luxury and warmth. The ambiance is a delicate balance of sophistication and comfort, designed to enchant diners from the moment they arrive. Soft lighting casts a flattering glow, while tasteful decor elements add a touch of whimsy and intrigue. Whether seeking an intimate dinner for two or a lively gathering with friends, the ambiance sets the stage for unforgettable moments.
-Surroundings: Beyond the confines of the restaurant, a world of possibilities awaits. Within a 3-mile radius, patrons will find themselves surrounded by an abundance of attractions and amenities. National retail outlets beckon with their offerings, while nearby parks and waterways provide a serene escape from the hustle and bustle of city life. And for those craving a taste of adventure, the Gulf of Mexico beckons just beyond the horizon.
-Confidentiality: As a private sale of both real estate and business, confidentiality is of the utmost importance. Prospective buyers and their agents are invited to explore the opportunity further by executing a Non-Disclosure Agreement. This grants access to a treasure trove of due diligence materials, including financial records, building plans, site/survey plans, equipment lists, and more—ensuring a comprehensive understanding of the investment potential.
Logistic Details:
-County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once the former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.
-County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491.
-County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these types of 'coastal spur' routes, in West Central Florida, it is county-maintained.
-U.S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U.S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Highway was constructed from the Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.