11621 W Garnet Ct, Crystal River, FL 34428

Description

Presenting an exceptionally well-positioned 10.36 acres commercial development site situated along one of Crystal River’s most strategic and rapidly evolving corridors. Predominantly zoned PSO (Professional Service/Office), this property features over 820 feet of high-visibility frontage on US Hwy 19 / S Suncoast Blvd (15,200 AADT)—a major north–south artery serving both local residents and regional traffic. The site offers full north- and south-bound ingress and egress through an existing deceleration lane and open median and the connective drive with the adjoining parcel which is also for sale at 8.18 acre and will provide said access, providing seamless access and ideal positioning for high-intensity commercial development.

Located within Crystal River’s fast-emerging medical corridor, the property directly benefits from Tampa General Hospital’s transformational 53-acre healthcare campus expansion, currently underway just minutes from the site. This major investment introduces a new 120-bed hospital tower, a 120,000-square-foot medical office building, and expanded specialty and outpatient services. The expansion is projected to significantly increase employment, healthcare demand, and regional traffic—effectively establishing this section of US 19 as the next major healthcare hub of the Tampa MSA. The surrounding corridor is already attracting operators seeking proximity to TGH, making this an ideal site for QSR with Drive-Thru, Gas Station, Bank, Hotel, Medical Office, Outpatient Facilities, Senior Living, and Multi-Family residential concepts. Its flexible zoning and strong demographic profile provide a nearly unmatched development canvas.

Just south of Crystal River’s Historic Downtown, the site is surrounded by a growing mix of local boutiques, restaurants, entertainment venues, and service-oriented businesses. The city is undergoing a surge of redevelopment, highlighted by the transformation of the former Crystal River Mall into a 400-unit residential community with integrated mixed-use retail, bringing a substantial increase in new residents and commercial activity. Additionally, the property directly abuts the rear boundary of the 85-acre Hidden Lake RV Resort, now under construction and planned to include 580 RV sites, creating immediate demand for convenience retail, hospitality, dining, medical services, and everyday goods.

Citrus County’s growth trajectory is among the strongest in the state. With a current population of 153,600 residents projected to exceed 350,000 by 2030 per the County’s Land Development Code, the region is rapidly transitioning into a major population and service center. Its inclusion in the Tampa–St. Petersburg–Clearwater MSA, the 18th largest in the United States, further enhances its long-term strength and desirability for business expansion, new housing supply, and healthcare delivery.

The broader region continues to benefit from substantial public and private investment. Homosassa, Inverness, and surrounding communities have undergone significant revitalization, including upgrades to Liberty Park, the Depot District, and other high-impact community assets. Meanwhile, the $135 million expansion of the Suncoast Parkway and the planned Phase 3 northern extension—just north of the subject property—will deliver direct, one-hour access to Tampa International Airport and surrounding major employment centers.