To schedule a showing of 940 N Suncoast Boulevard, Crystal River, Florida, Call David Shippey at 863-521-4517 TODAY!
$3,999,000 | N/A beds | N/A full baths | N/A half baths | 27,600 sqft
Crystal River, FL 34429
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- 27,600SqFt
- 1984Year Built
- 2.36Acres
- MLS# OM720955
- Commercial
- Retail
- Active
- Approx Time on Market3 months, 24 days
- Area34429 - Crystal River
- CountyCitrus
- Subdivision Crystal Crest Add Unrec
Overview
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.
Agriculture / Farm
Association Fees / Info
Bathroom Info
Building Info
Roof: Concrete
Building Area Source: PublicRecords
Business Info
Buyer Compensation
Exterior Features
Financial
Net Operating Income: 218,582
Original Price: $2,400,000
Garage / Parking
Parking Features: ParkingSpaces
Green / Env Info
Interior Features
Floors: Concrete, CeramicTile, Laminate
Lot Info
Direction Remarks: 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.
Lot Size Units: Acres
Lot Size Acres: 2.36
Lot Sqft: 102,652
Road Frontage Type: Highway, StateRoad
Est Lotsize: 400x300
Vegetation: Wooded
Lot Desc: Trees
Other
Special Conditions: None
Other Rooms Info
Property Info
Section: 34
Class Type: Retail
Property Sub Type: Retail
Property Condition: NewConstruction
Construction Materials: Block
Total Stories: 1
Foundation: Slab
Human Modified: Yes
Sqft Info
Sqft: 27,600
Bulding Area Sqft: 27,600
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,025
Tax Lot: 3
Tax Legal Description: N 550 FT OF E1/2 OF E1/2 OF NW1/4 OF NW1/4 SEC 34-18-17 W OF W R/W OF US HWY 19 LESS N 150 FT DESC IN OR BK 856 PG 500 OR BK 2237 PG 1510 AND CROSS ACCESS EASE AGREE WITH PCL 44100 DESCR IN OR BK 2261 PG 2274 OR BK 2380 PG 268 OR BK 2452 PG 664
Tax Block: 44110
Tax Annual Amount: 24200.9
Tax Book Number: 45
Unit Info
Total Units: 67
Utilities / Hvac
Water Source: Public
Sewer: PublicSewer, SepticTank
Cool System: CentralAir
Cooling: Yes
Waterfront / Water
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.This listing courtesy of Century 21 J.w.morton R.e.
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MLS IDX data last updated on 07-11-2026 11:48 AM EST.
If you have any questions on 940 N Suncoast Boulevard, Crystal River, Florida, please call David Shippey at 863-521-4517.
MLS# OM720955 located at 940 N Suncoast Boulevard, Crystal River, Florida is brought to you by David Shippey REALTOR®
940 N Suncoast Boulevard, Crystal River, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 940 N Suncoast Boulevard, Crystal River, Florida is OM720955.
The price for 940 N Suncoast Boulevard, Crystal River, Florida is $3,999,000.
The status of 940 N Suncoast Boulevard, Crystal River, Florida is Active.
The subdivision of 940 N Suncoast Boulevard, Crystal River, Florida is Crystal Crest Add Unrec.
The home located at 940 N Suncoast Boulevard, Crystal River, Florida was built in 2026.