Commercial property in Port Richey, Florida 1002.42 sq.m. № 1283770

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Commercial property in Port Richey, Florida 1002.42 sq.m. № 1283770
ID1283770 $ 2 389 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £

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.
MLS #: OM669931
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CityPort Richey
Address9037 US HIGHWAY 19
TypeCommercial property
Living space1002.42 m²
  • sq. ft
Completion dateIV quarter, 1981
Price
  • Price
  • per m²
$ 2 389 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £