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Neighborhood Shopping Center and Storage

940 N SUNCOAST Blvd, Crystal River, FL 34429

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For Sale

$4,200,000

Prime commercial property with retail and storage units for sale.

Type:Commercial

Property size:

3,200 SF

Lot size:

2.36 Acres

Price / SF:

$1,312/SF

HighLights

Prime commercial property in the Tampa–St. Petersburg MSA with high traffic frontage (±32,000 AADT).
Versatile mix of 15 retail and 52 storage units providing diverse income streams.
Opportunity to increase net operating income to a 7.29% stabilized cap rate.
Well‑maintained center with a diverse tenant base.
Significant room for revenue growth by aligning below‑market rental rates and implementing NNN expense recoveries.
Existing storage component provides a complementary income stream with minimal vacancy.

We can help!

Listing Contact

Elias Kirallah

Learn more

For Sale

$4,200,000

Prime commercial property with retail and storage units for sale.

Type:Commercial

Property size:

3,200 SF

Lot size:

2.36 Acres

Price / SF:

$1,312/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 5:45 pm

Property Features for 940 N SUNCOAST Blvd

General Information

Standard status: Active
Size: 3,200 SF
Lot size: 2.36 Acres
Property subtype: Commercial

Building Details

Year Built: 1984

We can help!

Listing Contact

Elias Kirallah

Listing agent Elias Kirallah License #3123414

Listing office Century 21 J.W.Morton R.E.

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 J.W.Morton R.E.

HighLights

Prime commercial property in the Tampa–St. Petersburg MSA with high traffic frontage (±32,000 AADT).
Versatile mix of 15 retail and 52 storage units providing diverse income streams.
Opportunity to increase net operating income to a 7.29% stabilized cap rate.
Well‑maintained center with a diverse tenant base.
Significant room for revenue growth by aligning below‑market rental rates and implementing NNN expense recoveries.
Existing storage component provides a complementary income stream with minimal vacancy.

Overview

South Square is a neighborhood shopping center and storage facility, featuring 15 retail units (potentially 17 with splitting) and 52 storage units. The property is situated on approximately 2.36 acres of commercial land with over 400 feet of frontage on US-19/98, which has an average annual daily traffic count of approximately 32,000 vehicles. The location is within the Tampa–St. Petersburg Metropolitan Statistical Area, the 18th largest metropolitan area in the United States. The center offers a mix of suite sizes ranging from 720 to 3,200 square feet and is occupied by a diverse tenant base, including medical and professional offices, retail businesses, beauty services, and other local tenants. The storage component includes 52 units, providing an additional income stream. There is potential for revenue enhancement by aligning below-market rental rates and implementing standard net-net-net expense recoveries for common area maintenance, insurance, and real estate taxes. Combined with rent adjustments and the leasing of two vacant retail units, a new owner has the potential to increase net operating income by 7.29% stabilized cap rate, while maintaining minimal vacancy in the storage component. The property has a bike score of 64, indicating it is bikeable, and a walk score of 32, indicating car dependence.

Location Intelligence

Current Use by Public Records

A-AAA Self Storage Storage Facility

Suggested Use

Similar Places 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

Location Insight

Map
Local Demand

City: Crystal River
County: Citrus
State: Florida
Longitude: -82.5808267
Latitude: 28.875871

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For sale
Shopping centers
FL
Crystal River
34429
940 N SUNCOAST Blvd

What type of property is this?

Shopping center - Prime commercial property with retail and storage units for sale.

Where is this shopping center located?

The property is located at 940 N SUNCOAST Blvd Crystal River, FL.

What is the asking price?

The asking price for this property is $4,200,000.

What are key features of this property?

This property features: Prime commercial property in the Tampa–St. Petersburg MSA with high traffic frontage (±32,000 AADT).; Versatile mix of 15 retail and 52 storage units providing diverse income streams.; Opportunity to increase net operating income to a 7.29% stabilized cap rate.