Homes For Sale: USA Florida Crystal River 940 N Suncoast Boulevard
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$4,200,000 USD

940 N Suncoast Boulevard
Crystal River, Florida 34429
USA
Residential For Sale
Land size: 0.955 ha :: 2.36 acres
Sale price per sqm: 0
Tax: 24,201 USD
Elias Kirallah
CENTURY 21 J W Morton Real Estate, Inc.
1645 West Main Street,
Inverness, 34450, United States
Phone: 352-726-6668

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Remarks:

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.

Features:

  • Year Built: 1984
  • Exterior Description: Stucco
  • Floors: Laminate
  • Cooling System: Central AC
  • Number of parking spaces: 100

Location:

940 N Suncoast Boulevard, Crystal River, Florida 34429, USA
Listed By CENTURY 21 J W Morton Real Estate, Inc.

The Residential For Sale located at 940 N Suncoast Boulevard, Crystal River, Florida 34429, USA is currently for sale. 940 N Suncoast Boulevard, Crystal River, Florida 34429, USA is listed for $4,200,000 USD. If the property located at 940 N Suncoast Boulevard, Crystal River, Florida 34429, USA isn't what you're looking for, search Florida Real Estate to see other Homes For Sale in Crystal River.

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