940 N Suncoast Boulevard Crystal River, FL 34429
For Sale MLS# OM720955
27,600 sq ft Commercial
Details for 940 N Suncoast Boulevard
MLS# OM720955
Description for 940 N Suncoast Boulevard, Crystal River, FL, 34429
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 7.34% stabilized cap rate, while maintaining minimal vacancy in the storage component.
Listing Information
Property Type: Commercial, Retail
Status: Active
Lot Size: 2.36 Acres
Square Feet: 27,600 sq ft
Year Built: 1984
Stories: 1 Story
Construction: Block
Construction Display: New Construction
Subdivision: Crystal Crest Add Unrec
Foundation: Slab
Number Of Units Total: 67
County: Citrus
Construction Status: New Construction
Interior Features
Flooring: Concrete,Ceramic Tile,Laminate
Utilities
Water: Public
Sewer: Public Sewer, Septic Tank
Cooling: Central Air
Exterior / Lot Features
Parking Description: Parking Space(s)
Roof: Concrete
Lot Dimensions: 400x300
Additional Exterior/Lot Features: Trees
Driving Directions
From Downtown Crystal River, head Southeast on US Highway 98 for 2.2 Miles and you should reach your destination on the right side of the street.
Financial Considerations
Terms: Cash
Gross Income: 325952
Tax/Property ID: 17E-18S-34-0000-44110
Tax Amount: 24200.9
Tax Year: 2025
A broker reciprocity listing courtesy: CENTURY 21 J.W.MORTON R.E.
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 940 N Suncoast Boulevard
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 940 N Suncoast Boulevard
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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