Bought with REMAX REALTY ONE
$950,000
$1,300,000
26.9%For more information regarding the value of a property, please contact us for a free consultation.
2,862 SqFt
SOLD DATE : 09/29/2025
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Restaurant
Listing Status Sold
Purchase Type For Sale
Square Footage 2,862 sqft
Price per Sqft $331
MLS Listing ID OM704300
Sold Date 09/29/25
HOA Y/N No
Year Built 1970
Annual Tax Amount $4,417
Lot Size 9.350 Acres
Acres 9.35
Property Sub-Type Restaurant
Source Stellar MLS
Property Description
Uncover the immense potential of Castaways Restaurant, a well-established Icon of Citrus County bar and grills located in the heart of Crystal River, Florida. This offering includes the business assets and the valuable real estate it sits upon, presenting a rare chance for a visionary investor or restaurateur. Expansive parcel with Limitless Potential: One of Castaways' most significant assets is its impressive 9.38-acre lot, boasting substantial US 19 frontage and depth. This generous land parcel offers far more than just ample parking. Imagine the possibilities: from hosting large outdoor events, expanding dining areas, or even developing complementary ventures. The existing paved parking is supplemented by a vast grassy area, making it ideal for various uses. This isn't just a restaurant; it's a Crystal River institution ready for growth in a booming County. Strategic Location with High Visibility: Castaways benefits from a highly visible location directly on US Highway 19 (Suncoast Blvd). This major thoroughfare sees a significant daily traffic count, ensuring constant exposure to a steady stream of potential customers. The restaurant capitalizes on this prime position to attract both local diners and tourists exploring what the Nature Coast has to offer. Established Business with Room for Growth: Currently operating as a popular bar and grill, Castaways already has a loyal customer base. The sale includes a full 4COP Liquor License, allowing for a comprehensive liquor bar to complement the homemade, hand-cooked entrees and appetizers. While already successful, there's significant potential to expand operations, optimize existing spaces, or introduce new concepts to further capitalize on the location and the burgeoning Crystal River market. Don't miss out on this exceptional opportunity to own a piece of Crystal River's thriving culinary scene with an unparalleled lot size and strategic location. Contact us today to learn more about Castaways Restaurant and unlock its full potential!
Location
State FL
County Citrus
Area 34428 - Crystal River
Zoning GNC
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Appliance Microwave, Refrigerator
Exterior
Parking Features Parking Spaces - 13 to 18
Utilities Available BB/HS Internet Capable
Roof Type Shingle
Building
Lot Description Oversized Lot
Foundation Slab
Lot Size Range 5 to less than 10
Sewer Private Sewer
Water Public
Structure Type Stucco
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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