Shopping Center with Storage
For Sale
$3,999,000
940 N Suncoast Boulevard, Crystal River, FL 34429
SINGLE_FAMILY - Crystal River, FL
Property SizeContact for details
Lot Size2.36 Acres
Days on Market144
Property Features for 940 N Suncoast Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
CH,GNC
Parking
100
Parking features
Parking Lot, Driveway
Exterior features
PavedDriveway
Subdivision
Not on List
Lot features
Acreage, Cleared, Trees
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.
Standard status
Active
APN
2278862
Lot size
2.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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 Annual Amount
24201
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
Utilities
Sewer type
Public Sewer, Septic Tank
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Laminate, Slate
Building materials
Stucco
Roof type
Asphalt, Shingle
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Added: Mar 16
Changed: Jul 31
Last Checked: Aug 6 at 7:06PM
MLS# 853211
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
South Square is a shopping center and self-storage facility built in 1984 on approximately 2.36 acres. The center includes 15 retail units (17 with splitting) and 52 storage units, with a range of retail suite sizes from 720 SF to 3,200 SF. The property is well maintained and is supported by central air, asphalt shingles, and stucco exterior construction. Interior finishes include laminate and slate flooring, with paved driveway and parking lot/driveway parking.
The site provides over 400 feet of frontage along US-19/98 (±32,000 AADT) in the Tampa-St. Petersburg MSA. Zoning is CH, GNC. Utilities include public water service and public sewer, with a septic tank also listed.
The storage component is currently operating, and the center includes two vacant retail units. Rental recovery is described as limited for CAM, insurance, and real estate taxes, and the remarks discuss potential expense recoveries under a standard NNN structure and modest rent adjustments. The remarks also project the ability to increase net operating income to a 7.34% cap rate while maintaining minimal vacancy in the storage component.
The site provides over 400 feet of frontage along US-19/98 (±32,000 AADT) in the Tampa-St. Petersburg MSA. Zoning is CH, GNC. Utilities include public water service and public sewer, with a septic tank also listed.
The storage component is currently operating, and the center includes two vacant retail units. Rental recovery is described as limited for CAM, insurance, and real estate taxes, and the remarks discuss potential expense recoveries under a standard NNN structure and modest rent adjustments. The remarks also project the ability to increase net operating income to a 7.34% cap rate while maintaining minimal vacancy in the storage component.
Key Highlights
- 15 retail units (17 with splitting) plus 52 storage units
- Approximately 2.36 acres with over 400 feet of frontage on US‑19/98 (±32,000 AADT)
- Zoned CH, GNC
Property Analytics
Property Profile
Current Use
Lease Details
32,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34429, FL
8,837
Population
5,458
Households
1.6
Avg Household Size
60
Median Age
25%
College-Educated
90%
High-School Grad
41.4 sq mi
ZIP Area
213
Density / Sq Mi
$57,716
Median Household Income
$36,577
Median Earnings
$1,070
Median Rent
$220,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Crystal River Plaza — 408 N Suncoast Blvd, Crystal River, FL 34429
- South Square Plaza — 918 N Suncoast Blvd, Crystal River, FL 34429
- Crystal River Shopping Center — SE US Hwy 19, Crystal River, FL 34429
Frequently Asked Questions
What type of property is this?
Shopping center - South Square offers 15 retail units plus 52 storage units on about 2.36 acres with extensive US-19/98 frontage.
Where is this shopping center located?
The property is located at 940 N Suncoast Boulevard Crystal River, FL.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 15 retail units (17 with splitting) plus 52 storage units; Approximately 2.36 acres with over 400 feet of frontage on US‑19/98 (±32,000 AADT); Zoned CH, GNC
