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Active - Business for sale
940 N Suncoast BOULEVARD, Crystal River, FL
Facts & features
Why you’ll love it
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.
Listings courtesy of CENTURY 21 J.W.MORTON R.E. as distributed by MLS GRID.
Listed by: Elias Kirallah • Elias@eliasgeorge.com • CENTURY 21 J.W.MORTON R.E.
Co-listed by: CENTURY 21 J.W.MORTON R.E.
Source: Stellar MLS as distributed by MLS GRID, MLS#: CC853211
Based on info available as of Nov 13, 2026 at 12:33 PM EST.
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Affordability
$20,215/mo
- Mortgage$18,199
- Property tax$2,017
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$71,980 Credit back
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Travel times
About Crystal River
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone AE
In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.
More details
Base flood elevation: 11 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 12:33pm EST. 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.
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$71,980 Credit back
