Property Description
One or more photo(s) has been virtually staged. This Class B Income Producing Multi-Story Office Complex in the West Pasco “Million Dollar Mile” on US Highway 19 in Port Richey, Florida, presents a prime investment opportunity. Built-in 1981 and renovated, the property comprises 10,790 SF divided into 3 units within a two-story former bank building. The first floor includes a former bank with 1,730 SF, complete with a vault, teller line, and a 4-lane drive-thru. Additionally, H&R Block occupies 2,908 SF on the first floor. The second floor offers 6,152 SF of turnkey office space, featuring 10 private offices, 3 conference rooms, and a break room—all fully wired with high-speed internet and communications, accessible by an elevator and handicap accessible. Situated on a highly visible 1.59-acre double corner lot zoned C2 Commercial, the property boasts 39 parking spaces, a powered pylon sign, and 151′ of highway frontage on US Hwy 19 with a 58,500 AADT (Average Annual Daily Traffic). Access is facilitated by a full median break right in/right out via north and south on US Hwy 19 and accessible from all sides of the road. The strategic location is central, surrounded by national retailers such as Publix Supermarket, Starbucks, Walgreens, Walmart, and various branded Quick Service Restaurants (pending municipal approval). Within a 15-minute drive time, the property caters to a population of 193,892 with 78,656 households, a median age of 48 years, and a median household income of $64,256. Consumer expenditures in the area include significant amounts in healthcare, food at home, food away from home, and entertainment and recreation. The property is located in Port Richey, Pasco County, Florida, within the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA)—the 18th Largest MSA in the United States. Pasco County’s population is growing at 2.17% and is expected to increase significantly in the coming years, making this an exciting investment opportunity in one of the hottest real estate markets in the country.
Features
- Heating System:
- Electric
- Cooling System:
- Central Air
- Parking:
- Ground Level, Over 30 Spaces
- Flooring:
- Carpet, Ceramic Tile
- Sewer:
- Public Sewer
- Utilities:
- Public, Electricity Available, Water Connected
Address Map
- Country:
- US
- State:
- FL
- County:
- Pasco
- City:
- Port Richey
- Subdivision:
- KEENEYS BAYOU
- Zipcode:
- 34668
- Longitude:
- W83° 17' 12.8''
- Latitude:
- N28° 17' 20.8''
- Mls Area Major:
- 34668 - Port Richey
- Zoning:
- C2
Additional Information
- Lot Size Dimensions:
- 313x380
- Water Source:
- Public
- Stories Total:
- 2
- Previous Price:
- 2350000
- On Market Date:
- 2024-01-06
- Number Of Units Total:
- 3
- Accessibility Features:
- Accessible Central Living Area, Accessible Elevator Installed, Accessible Hallway(s)
- Lot Features:
- Sidewalk, Paved, Corner Lot, FloodZone
- Foundation Details:
- Slab
- Construction Materials:
- Other, Brick
- Building Size:
- 10790
Financial
- Tax Annual Amount:
- 11304.9
Listing Information
- List Agent Mls Id:
- 275501317
- List Office Mls Id:
- 275500070
- Listing Term:
- Cash,Conventional
- Mls Status:
- Active
- Modification Timestamp:
- 2024-03-23T05:08:09Z
- Originating System Name:
- Stellar
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2024-01-07T01:10:36Z
Commercial Sale For Sale
Port Richey, Florida 34668
10,790 Sqft
$2,158,000
Listing ID #OM669931
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- OM669931
- Price :
- $2,158,000
- Square Footage :
- 10,790 Sqft
- Year Built :
- 1981
- Lot Area :
- 1.59 Acre
- Property Sub Type :
- Office
- Roof:
- Built-Up
Agent info
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