USAFLCrystal RiverNot on List940 N Suncoast Blvd
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940 N Suncoast Blvd, CRYSTAL RIVER, FL

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,400,000

000

MLS® OM720955

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size 27600 sqft
Garage No
HOA Fees 
Taxes $24,201
Days Active 0
Approx. Age 1984
Avg. Price Per Sqft $86
MLS® Number OM720955

Property Address: 940 N Suncoast Blvd, CRYSTAL RIVER, FL, 34429

Average square foot calculated using Size range provided by listing agent.

Description

South Square is a prime neighborhood shopping center and storage facility featuring 15 retail units (17 with splitting) and 52 storage units situated on approximately 2.36 acres of prime commercial property with over 400 feet of frontage along US-19/98 (±32, 000 AADT) within the Tampa–St. Petersburg MSA, the 18th largest metropolitan area in the United States. This well-maintained center offers a versatile mix of suite sizes ranging from 720 SF to 3, 200 SF and is occupied by a diverse tenant base including medical and professional offices, retail businesses, beauty services, and other long-standing local tenants. The storage component includes 52 units, providing an additional and complementary income stream. With significant room for growth, investors have the opportunity to enhance revenue by aligning below-market rental rates and implementing standard NNN expense recoveries for CAM, insurance, and real estate taxes, which are currently limited. Combined with modest rent adjustments and the leasing of two vacant retail units, a new owner has the potential to increase net operating income by more than 23%, achieving an estimated 6.79% stabilized cap rate, while maintaining minimal vacancy in the storage component.
MLS® NumberOM720955
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1984
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 16, 2026List Date
$2,400,000List Price
-End Date
Not Sold YetSold Price

For Sale

Mar 16, 2026List Date
$4,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
940 N Suncoast Blvd, CRYSTAL RIVER, FL

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