Redevelopment Opportunity on
For Sale
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11542 US-19, Port Richey, FL 34668
Stand-alone building on 0.69 acres with redevelopment potential.
Property Size3,641 SF
Lot Size0.69 Acres
Price / SF$302.11
Days on Market1308
Property Features for 11542 US-19
General Information
Standard status
Active
Size
3,641 SF
Class
C
Total Parking Spaces
60
Lot size
0.69 Acres
Property subtype
Retail
Building Details
Year Built
2000
Tenancy
Single
Listing Agency:
Harris & Company
Listed By:
David Harris · License #FL
Source:
Crexi
Added: Mar 17, 2023
Changed: Oct 12
Last Checked: Oct 12 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harris & Company
Investment Insights
Based on property information with market context.
This stand-alone building, previously a drive-thru fast food chain location, presents redevelopment potential. The property is situated on a 0.69-acre lot and features three points of ingress and egress: two at the front along US 19 and one at the rear, providing access to Gulf Highlands Dr. The zoning is C-1 Neighborhood Commercial with additional C-2 General Commercial zoning, offering versatile use options for a range of businesses. The site benefits from high traffic volumes, strong visibility, and direct access to Gulf Highlands Dr., making it easily accessible from both the north and south. Ample parking is available, and an existing pylon sign provides further visibility and convenience. The building size is 3641 square feet.
Key Highlights
- High traffic volumes and strong visibility on US 19.
- Versatile C‑1 and C‑2 zoning allows for a wide range of business uses.
- Three points of ingress/egress, including access to Gulf Highlands Dr.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,470
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,400
$809.4K
Cap Rate 7%
$578,143
$578.1K
Cap Rate 9%
$449,667
$449.7K
Market Conditions
NOI Build-Up for 3,641 SF
Gross rent
$56.8K $15.60/SF
− Vacancy
−$2.8K −$0.78/SF
EGI
$54.0K $14.82/SF
− OpEx
−$13.5K −$3.70/SF
NOI
$40.5K $11.11/SF
Area
Pasco County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,400
Cap Rate 7%
$578,143
Cap Rate 9%
$449,667
Alternative Uses
Best Use
Specialty Retail
$578.1K
$505.9K – $674.5K
NOI $40,470 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$829.4K
$725.7K – $967.6K
NOI $58,058 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 20%
Hotels & Casinos 7%
Electronics 3%
McDonald's
Dining
24,390 visits/mo
0.4 miles
Wendy's
Dining
16,305 visits/mo
0.5 miles
Dunkin' Donuts
Dining
14,385 visits/mo
0.1 miles
Amscot
Shops & Services
5,417 visits/mo
0.5 miles
Dollar General
Shops & Services
4,840 visits/mo
0.4 miles
Demographics for 34668, FL
48,781
Population
23,883
Households
2
Avg Household Size
45
Median Age
13%
College-Educated
88%
High-School Grad
15.5 sq mi
ZIP Area
3,147
Density / Sq Mi
$45,760
Median Household Income
$35,610
Median Earnings
$1,278
Median Rent
$168,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Stand-alone building on 0.69 acres with redevelopment potential.
Where is this drive through restaurant located?
The property is located at 11542 US-19 Port Richey, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High traffic volumes and strong visibility on US 19.; Versatile C‑1 and C‑2 zoning allows for a wide range of business uses.; Three points of ingress/egress, including access to Gulf Highlands Dr.
