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Listed price in listed location currency (USD).
$3,800,000

00100

MLS® 853211

Overview

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $24,201
Days Active 230
Lot Size 2.36 Acres
Approx. Age 1984
MLS® Number 853211

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 to a 7.74% cap rate, while maintaining minimal vacancy in the storage component.
MLS® Number853211
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1984
Basement
DrivewayDriveway, Paved, Parking Lot, Parking Pad, Private, Parking Spaces
Garage Spaces
Heat
A/CCentral Air

Extras

Price History

Last Sold Price

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Appreciation

--

Avg. Days Listed

125 days

Today, For Sale for $3,800,000

For Sale · 230 days

$3,800,000

MLS® 853211

8 months ago

Not Sold Yet

October 2026, For Rent for $13

For Rent · 20 days

$13

MLS® 858526

20 days ago

Not Leased Yet

March 2026, For Sale for $3,800,000

For Sale · 230 days

$3,800,000

MLS® OM720955

8 months ago

Not Sold Yet

  • Mar 16, 2026, For Sale for $3,800,000

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