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 7.34% stabilized cap rate, while maintaining minimal vacancy in the storage component.

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Property Details

Interior

Building Area Total

27600

Cooling

Central Air

Flooring

Ceramic TileConcreteLaminate

Living Area

27600

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

Block

Foundation Details

Slab

Living Area Source

Public Records

Living Area Units

Square Feet

Number Of Units Total

67

Property Condition

Completed

Roof

Concrete

Stories Total

Yes

Year Built

1984

Site & Exterior

Flood Zone Code

AEX

I D X Participation

Yes

Lot Size Acres

2.36

Lot Size Area

2.3566

Lot Size Dimensions

400 x 300

Lot Size Square Feet

102652

Lot Size Units

Acres

Parking Features

Over 30 Spaces

Parking Total

100

Public Survey Range

17E

Public Survey Section

34

Road Frontage Type

HighwayState Road

Road Surface Type

Paved

Sewer

Public SewerSeptic Tank

Total Acreage

2 to less than 5

Vegetation

Trees

Water Source

Public

Zoning

CH

Financials

Calculated List Price By Calculated Sq Ft

144.89

Contract Status Change Date

2026-03-16

Current Price

3999000

Feed Types

BBO

Owner Name

MCPHEETERS JAMES L TRUST

Ownership

Fee Simple

Parcel Number

17E18S34000044110

Public Survey Township

18S

Tax Annual Amount

24200.9

Tax Block

44110

Tax Book Number

45

Tax 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

Tax Lot

3

Tax Year

2025

Neighborhood & Lifestyle

Community & Association

M L S Area Major

34429 - Crystal River

Subdivision Name

CRYSTAL CREST ADD UNREC

Listing provided courtesy of STELLAR via IDX. Updated: May 25, 2026, 4:08pm.

940 N SUNCOAST BOULEVARD

940 N SUNCOAST BOULEVARD

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Elias Kirallah

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940 N SUNCOAST BOULEVARD

940 N SUNCOAST BOULEVARD

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Elias Kirallah