Price Reduced Listing
$3,975,000
( $144.02Per Sq Foot )
 $21,339 est/mo Sourced by Back At You

940 N Suncoast Blvd,CRYSTAL RIVER, FL 34429

CRYSTAL RIVER, FL 34429

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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 7.74% stabilized cap rate, while maintaining minimal vacancy in the storage component.

Details

MLS #OM720955
Listing TypeFor Sale
StyleRetail
Sub-TypeFor-sale
StatusActive
Year1984
Days On Site190
Listing Provided ByCENTURY 21 J.W.MORTON R.E. | Elias Kirallah

Features

SQ Feet27,600
Story(s)1
Units67
ZoningCH
Acreage2.36

Taxes

Property24200

Area Information

StateFL
CountyCitrus
CityCRYSTAL RIVER
Zip Code34429
Area34429 Crystal River
Community NameCRYSTAL CREST ADD UNREC
Listing VS Median (in CRYSTAL CREST ADD UNREC)
Price:
$3,975,000
low | high
Med:
$2,000,770
99.666163522013% of Average
sqft:
27,600
low | high
Med:
14,600
97.101449275362% of Average
$ / sqft:
$144
low | high
Med:
$80
94.241320754717% of Average
On site:
190
low | high
Med:
195
97.435897435897% of Average
Sourced by Back At You

Market Activity 34429

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of September 22, 2026 at 2:20:26 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyCitrus
CityCRYSTAL RIVER
Zip Code34429
Area34429 Crystal River
Community NameCRYSTAL CREST ADD UNREC
Listing VS Median (in CRYSTAL CREST ADD UNREC)
Price:
$3,975,000
low | high
Med:
$2,000,770
99.666163522013% of Average
sqft:
27,600
low | high
Med:
14,600
97.101449275362% of Average
$ / sqft:
$144
low | high
Med:
$80
94.241320754717% of Average
On site:
190
low | high
Med:
195
97.435897435897% of Average
Sourced by Back At You
Listing Updated: September 11, 2026 at 4:56:43 PM PDT