Back to search
740 NE 5TH AVENUE Crystal River, FL $ 1,585,000
Share Save
$ 1,585,000 Get more info
740 NE 5TH AVENUE
$ 1,585,000
Back to search
Recently Listed
Share Save

740 NE 5TH AVENUE

Crystal River, FL, 34428
$ 1,585,000
Bedrooms-- Baths-- Sq 20,648

Monthly Estimate*

$ 9,759

740 NE 5TH AVENUE, Crystal River, FL 34428 - Image 1
740 NE 5TH AVENUE, Crystal River, FL 34428 - Image 2
740 NE 5TH AVENUE, Crystal River, FL 34428 - Image 3
740 NE 5TH AVENUE, Crystal River, FL 34428 - Image 4
740 NE 5TH AVENUE, Crystal River, FL 34428 - Image 5
View a Virtual Tour

Commercial Property for sale in Crystal River, FL

for $1,585,000. This 20,648 square foot building was built in 1972 on a lot size of 1.03.

Short 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

See more
Commercial Active

Price

$ 1,585,000

Property Type

Commercial

Taxes

$ 9,139

Style

Lot Size

1.03

Year Built

1972

Town/City

Crystal River

County/Region

Citrus

MLS | Web ID

W7883744
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available Water Nearby
Possession Close Of Escrow
Roof Shingle
Zoning R3
Construction Materials Block
Year Built 1972
Tax Year 2025
Ownership Corporation
County Citrus
New Construction false
Property Type Commercial Sale
Subdivision Name CRYSTAL PARK
Building Features Bathrooms
Status Active
Directions US 19 N to Crystal River. Right on NE Third Ave. Right on NE Crystal St. Right in NE 5th Ave. Properties are on the Right.
City CRYSTAL RIVER
Number Of Units Total 19
MLS Area 34428 - Crystal River
Lot Size Units Acres
Lot Size Square Feet 44711
Listing Terms Assumable Cash Other Private Financing Available
Tax Annual Amount 9139.54
Property Condition Fixer
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/W7883744
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 35
Legal Description CRYSTAL TERRACE CONDO AKA TOWNSITE OF CRYSTAL PARK LOTS 35 36 37 38 & 39
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
DockY/N false
See more
Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
See more
Exterior
Parking Features Common
Water Source Public
Lot Size Area 1.0264
Foundation Details Slab
Number of Buildings 4
Building Area Total 20648
Lot Dimensions 100 x 182
Lot Size Acres 1.03
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type City Street
See more
* Excluded Features
List By
Premiere Properties

Broker

nicolesgulfsidelife@gmail.com

Email

Affordability Calculator

$10,521
Per Month
93%
7%
0%
Monthly Principal & Interest
$9,759
Monthly Property Taxes
$762
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/9/2026$1,585,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

740 NE 5TH AVENUE, Crystal River, FL, 34428 is a Commercial Property for sale at $1,585,000 with 20,648 sqft and a lot size of 1.03. 740 NE 5TH AVENUE was built in 1972. The property's zip code is 34428 which is in Crystal River, FL

Get more info