5623 US Hwy 19 | New Port Richey, FL 34652
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5623 US Hwy 19
New Port Richey, FL 34652
Pasco Professional Center · Office Property For Sale
Investment Highlights
- Three Story Retail/Executive Office Building Located in New Port Richey
- Significant Recent Capital Improvements
- Considerable Upside Provided through Vacancy Lease-Up | Currently Only 15.96% Occupied
- Constructed in 1974 | 30,000 SF
- Situated on Large 1.21 Acre Site | Offers Future Redevelopment Potential
- Price Well Below Replacement Cost ($82/SF)
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
27,510 SF
Building Class
C
Year Built
1974
Price
$1,999,000
Price Per SF
$73
Cap Rate
12.67%
NOI
$253,296
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,170 SF
Slab To Slab
12’
Building FAR
0.52
Lot Size
1.21 AC
Zoning
C, New Port Richey - Commercial
Parking
115 Spaces (4.18 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Signage
PROPERTY TAXES
| Parcel Number | 08-26-16-0010-03200-0060 | Improvements Assessment | $1,194,663 |
| Land Assessment | $399,025 | Total Assessment | $1,593,688 |
PROPERTY TAXES
Parcel Number
08-26-16-0010-03200-0060
Land Assessment
$399,025
Improvements Assessment
$1,194,663
Total Assessment
$1,593,688
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