Citrus Springs, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Citrus Springs, Florida Market population: 9K. Compare commercial properties across all major asset classes...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Citrus Springs FL Properties: 0.8400%

📊 Average Income For Citrus Springs FL Commercial Property: $53,419

Investor Questions For Citrus Springs FL

Common questions from investors exploring commercial real estate in Citrus Springs FL.

What's the overall investment outlook for Citrus Springs, FL? +

With a median household income of $53,419 and a relatively low poverty rate of 9.5%, Citrus Springs presents a stable investment market, further supported by its high health insurance coverage rate of 92.1% and a strong employment base in industries like Health Care & Social Assistance and Retail Trade.

How does the local economy impact rental demand? +

The top industries in Citrus Springs, including Health Care & Social Assistance, Retail Trade, and Public Administration, contribute to a diverse economy that can support rental demand, especially when combined with the area's low poverty rate of 9.5% and high employment rate among its population of 8,945.

What are the implications of commute times and methods for investors? +

The average commute time of 33.4 minutes, with 83.2% of residents driving alone, indicates a reliance on personal vehicles, but the presence of carpooling and work-from-home options suggests some flexibility in commute methods, which can impact the attractiveness of properties to potential renters, especially in an area with a high homeownership rate of 85.1%.

How does ethnic diversity and income inequality affect the market? +

Citrus Springs' ethnic diversity, led by a predominant White population (85.6%) and a smaller but significant Hispanic population (7.1%), alongside a moderate income inequality (Gini coefficient of 0.361), suggests a relatively stable and integrated community, which can be beneficial for long-term investments, considering the median property value of $143,400 and median property taxes of $2,341.

What role does health insurance coverage play in assessing tenant quality? +

The high health insurance coverage rate of 92.1% in Citrus Springs, combined with its low poverty rate of 9.5%, suggests a population with access to employment opportunities that offer health benefits, potentially indicating more stable and reliable tenants, which is a crucial factor for investors to consider when evaluating the local rental market, especially in a city with a median age of 44.8 and a strong presence of management and service occupations.

Citrus Springs FL Real Estate & City Facts

Key facts and real estate information about Citrus Springs FL.

What are some of the best neighborhoods to live in Citrus Springs? +

Some of the best neighborhoods to live in Citrus Springs include the Citrus Springs Corridor, a peaceful and tree-lined neighborhood, and the northwest parts of the city, which tend to be more desirable. The Villages of Citrus Hills is also a prestigious residential neighborhood that offers resort-style living.

What are some fun things to do in Citrus Springs? +

There are plenty of fun things to do in Citrus Springs, such as visiting Rainbow Springs State Park, going scalloping in Crystal River, and biking. You can also take an airboat tour or visit the underwater observatory and native Florida wildlife at Ellie Schiller Homosassa Springs Wildlife State Park.

What is the food scene like in Citrus Springs? +

The food scene in Citrus Springs is diverse and offers a range of options, including fresh seafood, American cuisine, and international flavors. Some popular restaurants include The Front Porch Restaurant & Pie Shop, Moschellos II, and RoughStocks Grill. There are also plenty of great food trucks and local eateries to try.

What are the pros and cons of living in Citrus Springs? +

The pros of living in Citrus Springs include its peaceful and natural surroundings, with plenty of opportunities for outdoor activities like hiking and biking. The city also has a strong sense of community, with many local events and festivals. However, some cons include the limited job opportunities and higher cost of living compared to other parts of the state. Additionally, the city can be quite rural, which may not be suitable for everyone.

Is Citrus Springs a good place to live? +

Overall, Citrus Springs can be a great place to live for those who value a peaceful and natural environment, with plenty of opportunities for outdoor activities. The city has a strong sense of community and a range of local amenities, including good restaurants and shops. However, it may not be the best fit for everyone, particularly those who are looking for a more urban lifestyle or greater job opportunities. Ultimately, whether Citrus Springs is a good place to live depends on your individual priorities and preferences.

Citrus Springs, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Citrus Springs FL Properties: 0.8400%

📊 Average Income For Citrus Springs FL Commercial Property: $53,419

Investor Questions For Citrus Springs FL

Citrus Springs FL Real Estate & City Facts

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