Investment Overview

Marcus & Millichap is pleased to present South Square, a versatile retail and storage center located in the heart of Crystal River, Florida—a rapidly growing Gulf Coast community experiencing significant population and economic growth. The property features 401 feet of frontage along US-19 (32,000 VPD), providing strong visibility and direct connectivity to the surrounding trade area and Florida’s Nature Coast.  Currently leased at below-market rents on primarily gross leases, South Square offers investors immediate in-place income with a clear value-add opportunity through strategic lease restructuring and rent adjustments. The property’s elite 5.32 parking ratio, multiple ingress and egress points, and positioning appeals to both tenants and consumers alike. Crystal River is undergoing a 7% population increase since 2020 and is projected to grow another 15% over the next five years, driven by in-migration and expanding infrastructure. The asset is strategically positioned to capitalize on this growth, with a diverse tenant base, a unique retail-storage format, and limited new supply in the market. With its strong fundamentals, South Square is exceptionally well positioned to deliver both stable cash flow and long-term appreciation.