740 5th Avenue, CRYSTAL RIVER, FL 34428
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Priced at Only: $1,585,000
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Address: 740 5th Avenue, CRYSTAL RIVER, FL 34428
Property Location and Similar Properties
- MLS#: W7883744 ( Commercial Sale )
- Street Address: 740 5th Avenue
- Viewed: 2
- Price: $1,585,000
- Price sqft: $77
- Waterfront: No
- Year Built: 1972
- Bldg sqft: 20648
- Days On Market: 4
- 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
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Building and Construction
- Covered Spaces: 0.00
- Living Area: 20648.00
- Roof: Shingle
Property Information
- Property Condition: Fixer
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Common
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Road Frontage Type: City Street
- Sewer: Public Sewer
- Utilities: Electricity Available, Water Nearby
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2025
Other Features
- Country: US
- Legal Description: CRYSTAL TERRACE CONDO AKA TOWNSITE OF CRYSTAL PARK LOTS 35 36 37 38 & 39
- Area Major: 34428 - Crystal River
- Occupant Type: Vacant
- Parcel Number: 17E-18S-21-0010-00000-0350
- Possession: Close Of Escrow
- Zoning Code: R3
- The Dial Team
- Tropic Shores Realty
- Love Life
- Mobile: 561.201.4476
- dennisdialsells@gmail.com






