940 N SUNCOAST BOULEVARD, CRYSTAL RIVER, FL 34429 | MLS #MFROM720955 | Berkshire Hathaway HomeServices Florida Network Realty
Maria Wilkes

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Listing provided courtesy of CENTURY 21 J.W.MORTON R.E.as Distributed by MLSGrid- MLS# MFROM720955MLS Provider

940 N SUNCOAST BOULEVARDCRYSTAL RIVER, FL 34429

Commercial · 27,600 Sq. ft. | 2.36 Acres
$3,999,000 Active

940 N SUNCOAST BOULEVARD Overview

Time on Site:
106 days
Visits:
2

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.

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940 N SUNCOAST BOULEVARD Facts & Features

  • Type Commercial
  • Sq. ft. 27,600
  • Price/Sq.ft. $145
  • Lot 2.36 Acres

Details

General

Income/Expenses

  • Gross Income: 325952
  • Net Operating Income: 218582

Building Information

  • New Construction: No
  • Year Built: 1984

Location/Region

  • Country: US
  • County Or Parish: Citrus
  • MLS Area Major: 34429 - Crystal River
  • Subdivision Name: CRYSTAL CREST ADD UNREC
  • Township: 18S

Tax Information

  • Tax Annual Amount: 24200.9
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Ownership: Fee Simple
  • Parcel Number: 17E-18S-34-0000-44110
  • Property Condition: Completed
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: CH

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 27600
  • Building Area Units: Square Feet

General Information

  • Cooling: Central Air
  • Flooring: Ceramic Tile,Concrete,Laminate
  • Foundation Details: Slab
  • Living Area: 27600
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Over 30 Spaces

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 2.36
  • Lot Size Dimensions: 400x300
  • Lot Size Square Feet: 102652
  • Road Surface Type: Paved
  • Vegetation: Wooded
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Concrete

General Information

  • Number Of Units Total: 67
  • Road Frontage Type: Highway,State Road
  • Sewer: Public Sewer,Septic Tank

940 N SUNCOAST BOULEVARD Neighborhood

Community

34429 (CRYSTAL RIVER) Demographics

62
Median Age
111
Population Density (per sq. mile)
35%
College Educated
$46,808
Estimated Median Income
3,402
Estimated Total Home Owners
526
Estimated Total Renters
87% / 13%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

940 N SUNCOAST BOULEVARD Monthly Cost

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Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

940 N SUNCOAST BOULEVARD Market Data

Based on the last 30 days in this zip code

$443,754
Average List Price
$259
Average Price per Square Foot
11
Properties Sold
139
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

940 N SUNCOAST BOULEVARD History

Date Event Value Agent
5/25/2026Source: My Florida Regional MLS Price Reduction
$3,999,000 -4.2%
4/24/2026Source: My Florida Regional MLS Price Reduction
$4,175,000 -0.6%
3/22/2026Source: My Florida Regional MLS Price Increase
$4,200,000 75.0%
3/16/2026Source: My Florida Regional MLS Added to Database
March 16, 2026