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6703 Massachusetts Ave

3,844 SF Vacant Flex Building New Port Richey, FL 34653 $389,000 ($101/SF) 9.36% Cap Rate

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Investment Highlights

Investment property.
High traffic area.
High visibility.

Corner location.
Easy access.

Executive Summary

Rare opportunity to purchase a free-standing commercial investment property in New Port
Richey, FL. The building is approximately 3,844 SF with two tenants occupying 55% of the building
leaving room for other tenants or an investor/user for the remaining 1,724 SF. High visibility on
Massachusetts Ave. with excellent signage and parking. Don't miss this opportunity!!!

6703 Massachusetts Ave flyer v2 August 2024

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	$53,816	$14.00
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$53,816	$14.00
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$17,421	$4.53
Net Operating Income	$36,395	$9.47

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	$53,816
Annual Per SF	$14.00

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$53,816
Annual Per SF	$14.00

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$17,421
Annual Per SF	$4.53

Net Operating Income
Annual	$36,395
Annual Per SF	$9.47

Property Facts

Price	$389,000	Building Class	B
Price Per SF	$101	Lot Size	0.37 AC
Sale Type	Investment or Owner User	Rentable Building Area	3,844 SF
Cap Rate	9.36%	No. Stories	2
Property Type	Flex	Year Built	1963
Property Subtype	Showroom Industrial Service Office Industrial Live Work Unit General Retail Department Store	Parking Ratio	5.72/1,000 SF

Price	$389,000
Price Per SF	$101
Sale Type	Investment or Owner User
Cap Rate	9.36%
Property Type	Flex
Property Subtype	Showroom Industrial Service Office Industrial Live Work Unit General Retail Department Store
Building Class	B
Lot Size	0.37 AC
Rentable Building Area	3,844 SF
No. Stories	2
Year Built	1963
Parking Ratio	5.72/1,000 SF