Currently zoned hotel/motel can be reverted back to residential! Bay views from this incredible opportunity to own a 6 unit concrete block complex spanning three lots in one of downtown crystal rivers most walkable and high demand locationsjust steps from kings bay, hunter springs park, shops and restaurants of citrus avenue. Currently zoned hotel/motel under flexible cg / uc 1 zoning, a rare combination of income potential & development flexibility. The current configuration includes 2 two bedroom/one bath units and 4 one bedroom/one bath units, plus a shared laundry area. Keep as is and re zone back to residential for long term rentals, convert the layout into 12 motel style guest rooms, or tear down and build new. Under uc 1 zoning, you can develop up to 60 rooms, with a 75 foot building height, 3. 0 far, and up to 59,400 square feet of hotel, mixed use residential/commercial, or retail/restaurant space. With room to add a third building of similar size, or an additional 6 rooms for a total of 18 rooms, this site is ideal for investors or developers looking to maximize density, tap into crystal rivers booming eco tourism, and create a one of a kind downtown lodging or rental destination. Four paths to profit: (1. ) remodel the existing buildings (2 concrete block structures, professionally mitigated post helene) into up to 12 rooms. Tile flooring and solid roofs already in place. (2. ) residential conversion alternatively, the property could be re zoned back to residential use, allowing for a 6 unit multifamily configuration: 2 two bedroom / one bath units, 4 one bedroom / one bath units, plus a shared laundry room, ability to add a 3rd building adding additional apartments (3. ) redevelop into a 44 or 60 room hotel with projected noi between $947k$1. 17m and a valuation potential of $11m$13. 8m. (4. ) 3 residential homes redevelop into 3 residential homes as theres 3 separate lots professionally mitigated after hurricane helene, the two existing concrete block buildings sit on solid concrete block foundations with durable tile flooring, solid roofs, and a gorgeous park like setting nestled under mature oak trees and views of the bay. Plus, there's room to add a third building of equal size for additional density or value add. Whether you're an investor seeking cash flow or a developer looking to activate its current hotel/motel entitlement, this property offers unmatched zoning flexibility in a location thats central to everything crystal river has to offer. Enjoy downtown convenience with water access, spring fed parks, and year round tourism right outside your door. Citrus county is now one of floridas fastest growing counties, fueled by strong demand from locals and visitors alike. The new suncoast parkway extension connects crystal river directly to tampa and st. Pete in just over an hour, opening the door for increased tourism, second home ownership, and commercial investment. This location also sits centrally between ocala, gainesville, the villages, and orlando, making it a uniquely strategic hub with access to over 5 million people within a 90 minute drive. Whether you're looking for a boutique hospitality project, high yield multifamily, or mixed use development, this property offers the zoning, location, and flexibility to bring your vision to liferight in the heart of crystal rivers growing downtown core. **all marketing represents the property pre helene. ***