Crystal Crest Add Unrec Homes with Retail Property Style

Welcome to Crystal Crest Add Unrec, a hidden gem nestled in the heart of beautiful Crystal River, Florida! This charming subdivision offers a unique blend of residential comfort and retail opportunity, making it an ideal choice for those looking to invest in a vibrant community that caters to both living and business needs.

Crystal Crest Add Unrec is characterized by its picturesque surroundings, featuring lush greenery and serene landscapes that create a tranquil atmosphere. The community is conveniently situated near the stunning waterways of Crystal River, renowned for its crystal-clear springs and abundant wildlife, including the majestic manatees that grace the area during the winter months. Residents here enjoy a lifestyle that balances the beauty of nature with the conveniences of urban living.

The homes in Crystal Crest Add Unrec are designed with a retail property style, offering a unique opportunity for entrepreneurs and business owners. These properties not only serve as comfortable residences but also provide the perfect space to operate a business from home. Imagine waking up to the soothing sounds of nature and then stepping into your own retail space, ready to welcome customers and bring your entrepreneurial dreams to life.

With a welcoming community spirit, nearby amenities, and a prime location, Crystal Crest Add Unrec is more than just a place to live—it's a lifestyle. Whether you're seeking a peaceful retreat or a thriving business opportunity, this subdivision has it all. Discover your dream home and business space in Crystal Crest Add Unrec, where the possibilities are as endless as the beautiful Florida skies!

Newest Crystal Crest Add Unrec Homes with Retail Property Style

$3,999,000

Crystal Crest Add Unrec SubDv. ⋅ 34429 Zip Code

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.

940 N Suncoast Boulevard, Crystal River

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