# 940 N Suncoast Boulevard, Crystal River, FL 34429 > **TL;DR:** commercial, $3,800,000, built 1984. > A/C. Est. $20,323/mo. Listed 228 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,800,000 | | Year Built | 1984 | | Lot Size | 102,802 sqft (2.36 acres) | | Stories | 1 | | Property Type | Commercial (Retail) | | Status | Active | | Days on Market | 228 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $19,215 | | Estimated Insurance | $1,108 | | **Total** | **$20,323** | ## Key Amenities - A/C ## Property Highlights - Built in 1984 - 2.36 acre lot - 100 parking spaces ## Description ### Agent Description 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. ## Location - **Address:** 940 N Suncoast Boulevard, Crystal River, FL 34429 - **County:** Citrus - **Neighborhood:** Not on List - **Coordinates:** 28.875586, -82.580732 - **Google Maps:** https://www.google.com/maps?q=28.875586,-82.580732 ## Listing Agent - **Name:** Elias Kirallah · **License:** 3123414 - **Brokerage:** Century21 J.W. Morton Real Estate, Inc - **Broker Phone:** (352) 726-6668 ## Photos ![940 N Suncoast Boulevard - Photo 1](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f2067685712r.jpg) ![940 N Suncoast Boulevard - Photo 2](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f2765831854r.jpg) ![940 N Suncoast Boulevard - Photo 3](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f4110047193r.jpg) ![940 N Suncoast Boulevard - Photo 4](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f3146204288r.jpg) ![940 N Suncoast Boulevard - Photo 5](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f810638544r.jpg) ![940 N Suncoast Boulevard - Photo 6](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f3681352480r.jpg) ![940 N Suncoast Boulevard - Photo 7](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f2039425457r.jpg) ![940 N Suncoast Boulevard - Photo 8](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f2537731665r.jpg) ![940 N Suncoast Boulevard - Photo 9](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f4130321302r.jpg) ![940 N Suncoast Boulevard - Photo 10](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f2731684013r.jpg) ![940 N Suncoast Boulevard - Photo 11](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f1052289658r.jpg) ![940 N Suncoast Boulevard - Photo 12](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f1261768498r.jpg) ![940 N Suncoast Boulevard - Photo 13](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f4236907464r.jpg) ![940 N Suncoast Boulevard - Photo 14](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f505506818r.jpg) ![940 N Suncoast Boulevard - Photo 15](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f2977087930r.jpg) ![940 N Suncoast Boulevard - Photo 16](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f3832588912r.jpg) ![940 N Suncoast Boulevard - Photo 17](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f1958436643r.jpg) ![940 N Suncoast Boulevard - Photo 18](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f3303885907r.jpg) ![940 N Suncoast Boulevard - Photo 19](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f3734933360r.jpg) ![940 N Suncoast Boulevard - Photo 20](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f1443457845r.jpg) ![940 N Suncoast Boulevard - Photo 21](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f2423186913r.jpg) ![940 N Suncoast Boulevard - Photo 22](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f1015834265r.jpg) ![940 N Suncoast Boulevard - Photo 23](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f1098611954r.jpg) ![940 N Suncoast Boulevard - Photo 24](http://lh.rdcpix.com/d8db05bfe357abff4ae27331c0660772l-f1529555969r.jpg) --- **MLS#:** 853211 | **Updated:** 2026-10-24 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/940-n-suncoast-boulevard-crystal-river-fl-34429-b2809be174dd4f8a9e6f4be15d68f710) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/940-n-suncoast-boulevard-crystal-river-fl-34429-b2809be174dd4f8a9e6f4be15d68f710#listing", "url": "https://www.propertysimple.ai/listing/940-n-suncoast-boulevard-crystal-river-fl-34429-b2809be174dd4f8a9e6f4be15d68f710", "name": "940 N Suncoast Boulevard, Crystal River, FL 34429", "description": "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. 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