Date
Details
Price
Change
Source
3/16/2026
Listed
$2,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/25
$2,400,000 Just Listed
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1/25
Property 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 by more than 23%, achieving an estimated 6.79% stabilized cap rate, while maintaining minimal vacancy in the storage component.
Full Property Details
Full Property Details for 940 N Suncoast Blvd
General
- Price: $2,400,000
- Taxes: $24,200 (2025)
- Status: Active
- Type: Retail
- Source: MidFloridaRegionalMLS
- MLS ID: OM720955
- Updated: 3/17/2026
- Added to Site: 3 day(s) ago
Interior
- Flooring: Ceramic Tile, Concrete, Laminate
Parking
- Parking Features: Over 30 Spaces
Location
- Area: 34429 - Crystal River
- County: Citrus
- Development Name: 34429 - Crystal River
- Subdivision: CRYSTAL CREST ADD UNREC
- Driving 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.
Community
- Community Name: 34429 - Crystal River
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Sewer: Public Sewer, Septic Tank
- Water: Public
Structural Information
- # Buildings: 2
- Exterior Const.: Block
- Roof: Concrete
- Square Feet: 27,600
- Sq. Ft. Source: Public Records
- Year Built: 1984
Lot Features
- Lot Size (Acres): 2.36
- Lot Size (Sq. Ft.): 102,652
- Lot Size: 2.3566
- Lot Dimensions: 400 x 300
- Frontage: Highway, State Road
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $24,200.9
- Tax Year: 2025
Disclosures and Reports
- Ownership: Corporation
- Special Conditions: None
- 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 Zone Info: AE
- APN: 17E18S34000044110
- Property ID: 17E18S34000044110
- Block/Lot/Section: 44110
Listed by Century 21 J.W.Morton R.E.
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Listing agent
— 940 N Suncoast Blvd —
Century 21 J.W.Morton R.E.
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Schools
Schools serving 940 N Suncoast Blvd
School District:Citrus County School District
| Name | Grades | Distance |
|---|---|---|
Crystal River Primary School 8624 West Crystal Street, Crystal River, FL 34428 | PK-5 | 1.8 mi |
Crystal River High School 3195 Crystal River High Drive, Crystal River, FL 34428 | 8-12 | 2.2 mi |
Citrus Virtual Instruction Program 1007 West Main Street, Inverness, FL 34450 | K-12 | 14.6 mi |
Crystal River Middle School 344 Northeast Crystal Street, Crystal River, FL 34428 | 6-8 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 940 N Suncoast Blvd
Tax History
Tax History for 940 N Suncoast Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$24,201
12%
$1,384,070
11%
2024
$21,514
5%
$1,247,200
7%
2023
$20,477
22%
$1,166,010
20%
2021
$16,835
-9%
$968,740
-9%
2022
$18,421
9%
$1,069,310
11%
2021
$16,835
7%
$966,900
1%
2018
$15,729
-2%
$960,930
1%
2017
$15,976
-7%
$955,640
-4%
2016
$17,157
7%
$992,860
3%
2019
$15,988
-9%
$963,910
-2%
2015
$17,486
-9%
$987,720
-6%
2014
$19,168
-4%
$1,052,976
-4%
2013
$19,877
—
$1,099,754
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 940 N Suncoast Blvd
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,307Sq. Ft.
Listed by Era American Suncoast Realty
- Lots/Land
- Active
- Updated 19 hours ago
- 0.31Acres
Listed by Trinity Realty
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,534Sq. Ft.
Listed by Keller Williams Cornerstone Re
- Lots/Land
- Active
- Updated 5 days ago
- 0.79Acres
Listed by Sand Dollar Realty Group Inc
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 3,264Sq. Ft.
Listed by Nex-Gen Florida Realty, Inc.
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 3Total Baths
- 2,473Sq. Ft.
Listed by Remax Realty One
- Lots/Land
- Active
- Updated 1 day ago
- 0.58Acres
Listed by Nex-Gen Florida Realty, Inc.
- Mobile Home
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 960Sq. Ft.
Listed by Total Realty Management
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- Commercial Multi-Family
- Closed
Listed by Parkvue Realty Florida, Llc
Sold by Stellar Non-Member Office
Sold by Stellar Non-Member Office
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 2,339Sq. Ft.
Listed and Sold by Home Land Real Estate Inc
- Single Family
- Closed
- Updated 1 day ago
- 4Beds
- 4Total Baths
- 4,447Sq. Ft.
Listed by Engel & Volkers Ocala
Sold by Horse Capital Homes and Farms
Sold by Horse Capital Homes and Farms
940 N Suncoast Boulevard, Crystal River, FL 34429 (MLS# OM720955) is a Retail property. 940 N Suncoast Boulevard is currently listed for $2,400,000 and was received on March 16, 2026. Want to learn more about 940 N Suncoast Boulevard? Do you have questions about finding other Retail real estate for sale in Crystal River? You can browse all Crystal River real estate or contact a Coldwell Banker agent to request more information.