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Redevelopment Opportunity on US-19

11542 US-19 Port Richey, FL 34668

11542 US-19, Port Richey, FL, 34668
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Stand-alone building on 0.69 acres with redevelopment potential.

Property Size3,641 SF
Lot Size0.69 Acres
Price / SF$302.11
AddedMar 17, 2023
Days on Market1218
Last RefreshJul 15 at 7:25 pm

Property Features for 11542 US-19

General Information

Standard status
Active
Size
3,641 SF
Lot size
0.69 Acres
Property subtype
Retail

Building Details

Year Built
2000

Listing office Harris & Company

Listing date Mar 17, 2023

Source Crexi

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $56.8k $15.60
− Vacancy −$2.8k −$0.78
EGI $54.0k $14.82
− OpEx −$13.5k −$3.70
NOI $40.5k $11.11
3,641 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$578.1K
$505.9K – $674.5K (±1% cap)
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 (±1% cap)
NOI $58,058 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Drive through restaurants

Suggested Use

Restaurant Real Estate Agency Building Supply Gym & Fitness Center HVAC Service Garden Center Big Box & Wholesale Store Electrical Service Hair Salon Spa & Massage Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
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