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About this home
940 N Suncoast Blvd is a 1984-built home in Crystal Crest Add Unrec, Crystal River. Listed at $3,975,000 (about $144/sqft), 193 days on market. Flood zone AE, X - confirm flood insurance requirements with your lender.
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 7.74% stabilized cap rate, while maintaining minimal vacancy in the storage component.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$3,975,000
$144 per sq ft
Size
27,600 sq ft
Time on market
207 days
Year built
1984
Monthly payment
About $24,735/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $24,201 annual tax bill, insurance.
Flood zone
Zone AE, X
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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