About This Home
This 0-bedroom, 0-bathroom commercial at 940 N Suncoast Boulevard in Crystal River, FL is listed for $3,800,000. Built in 1984, on a 2.36 acres lot.
Key Features
- Built in 1984
- 2.36 acre lot
- 100 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$20,323/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
940 N Suncoast Boulevard
Crystal River, FL 34429
Not on List
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 940 N Suncoast Boulevard is listed at $3,800,000. The estimated monthly payment is $20,323 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1984, 2.36 acre lot, 100 parking spaces. Exterior Features: PavedDriveway.
This property is listed by Elias Kirallah and can be reached at 3524002635.
