$3,999,000
940 Suncoast Boulevard
Crystal River, FL 34429
Listing updated: May 25, 2026 at 1:21 PM ET
Listing courtesy of Century 21 J.W.Morton R.E. · Elias Kirallah · MLS #OM720955 · Active · 352-726-6668Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history70 days on market
- Status: ActiveMar 16, 2026
- Listed$2,400,000Mar 16, 2026
- Price increased$3,999,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Retail
- Status
- Active
- Days on market
- 70
- Subdivision
- Crystal Crest Add Unrec
- County
- Citrus
- Year built
- 1984
- Living area
- 27,600 sq ft
- Price/sq ft
- $145
- Lot size
- 102,652 sq ft
- Lot category
- 2 to less than 5
- Flood zone
- AE, X (12017C0189E)
- Annual taxes
- $24,201 (2025)
- Parcel #
- 17E-18S-34-0000-44110
- Zoning
- CH
- MLS #
- OM720955
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Interior Details
- Flooring
- Ceramic Tile, Concrete, Laminate
Heating & Cooling
- Cooling
- Central Air
Parking
- Parking features
- Over 30 Spaces
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Block
- Roof
- Concrete
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer, Septic Tank
- Water source
- Public
Listing Details
- Listing date
- 2026-03-16
- On market date
- 2026-03-16
- Original list price
- $2,400,000
- MLS area
- 34429 - Crystal River
- Listing AOR
- Ocala - Marion
- Status changed
- 2026-03-16
- Tax 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
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 25, 2026 at 1:21 PM ET. 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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