Commercial Sale · Retail
940 N SUNCOAST BOULEVARD, CRYSTAL RIVER, FL, 34429
Active140 days on marketListed Mar 16, 2026MLS #OM720955
About this property
The property at a glance
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.
27,600
Building sq ft
$145
Price / sq ft
2.36
Lot acres
1984
Year built
67
Units
2
Buildings
CH
Zoning
Retail
Property type
The numbers
Investment snapshot
5.97%
Cap rate
$218,582
Net operating income
$325,952
Gross income (yr)
$59,687
Price / unit
67
Units
Estimated payment (illustrative)
Estimated payment
$20,159/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
9,494
Population
$57,716
Median income
63.7
Median age
2.14
Avg household
$220,300
Median home value
$1,070/mo
Median rent
490
Households w/ kids
Recent sales
What actually sold near 940 N SUNCOAST BOULEVARD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,600,000
1501 NW US HIGHWAY 19
23,830 sqft · $109/sqft · Sold Sep 11, 2025
$900,000
471 NE 1ST TERRACE
13,000 sqft · $69/sqft · Sold Dec 1, 2025
$1,800,000
180 N SUNCOAST BOULEVARD
5,534 sqft · $325/sqft · Sold Jan 7, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 940 N SUNCOAST BOULEVARD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 940 N SUNCOAST BOULEVARD.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Listing courtesy of CENTURY 21 J.W.MORTON R.E. · Elias Kirallah. MLS #OM720955.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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