Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Redevelopment Opportunity on Highway Title is generated by Realmo AI

    3621 US Hwy 19, New Port Richey, FL

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    40,960 SF building on US Highway 19 for sale.

    Type:RETAIL
    Property size:
    40,960 SF
    Lot size:
    5.13 Acres
    Price / SF:
    $115/SF
    Added:
    Apr 17, 2025
    Days on Market:
    424
    Last Refresh:
    May 20 at 9:19 pm

    Property Features for 3621 US Hwy 19

    General Information

    Standard status
    Active
    Size
    40,960 SF
    Lot size
    5.13 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Mark Shellabarger
    Mark Shellabarger

    Listing agent Mark Shellabarger License #FLBK3223363

    Listing office LQ Commercial | Tampa

    Listing date Apr 17, 2025

    Source Moodyscre

    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 LQ Commercial | Tampa

    HighLights

    • High visibility on US Highway 19 (70,000 AADT)
    • Current cash flow ($308,367 NOI)
    • Redevelopment and/or re‑tenanting opportunity
    • 40,960 SF building suitable for re‑tenanting
    • Easy access with corner location at signalized intersection
    • Upside potential in under‑utilized outparcels

    Overview

    This 40,960 square foot building presents a redevelopment and/or re-tenanting opportunity. The property has upside potential in under-utilized outparcels and currently generates cash flow with a net operating income of $308,367. Existing tenants have short term leases. The property benefits from high visibility on US Highway 19, with an average annual daily traffic count of 70,000. It features easy access due to its corner location at a signalized intersection.

    Local Financial Insights For 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 $614.4k $15.00
    − Vacancy −$39.9k −$0.98
    EGI $574.5k $14.03
    − OpEx −$172.3k −$4.21
    NOI $402.1k $9.82
    40,960 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $5.74M
    $5.03M – $6.70M (±1% cap)
    NOI $402,125 @ 7.0% cap · market cap 8.47%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $9.33M
    $8.16M – $10.89M (±1% cap)
    NOI $653,132 @ 7.0% cap · market cap 13.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • City Plaza — 7400 U.S. Hwy 19, New Port Richey, FL 34652
    • Richey Plaza — 7105 U.S. Hwy 19, Port Richey, FL 34652

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7404
    Latitude
    28.212

    Nearby Similar for Sale

    • $1,250,000
      3,000 SF

      Downtown Flex Office/Retail Building

      Single-story downtown building with prominent street frontage, rear access, designated parking, and a flexible Downtown zoning district.
      5701 MAIN STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $595,000
      1,900 SF

      Downtown New Port Richey Office

      1,900 SF professional office building in booming downtown area.
      5838 MAIN STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $849,000
      4,636 SF

      Automotive Service Property with Rental Units

      Corner-lot automotive service business plus three income-producing rental units on a heavily traveled Grand Blvd corridor.
      6118 GRAND BOULEVARD, NEW PORT RICHEY, FL 34652
      View Details
    • $579,900
      2,283 SF

      Waterfront Duplex with In-Law Suite

      Remodeled waterfront duplex with in-law suite, ideal for Airbnb.
      5822 RIVER ROAD, NEW PORT RICHEY, FL 34652
      View Details
    • $1,898,000
      8,476 SF

      Medical/Mixed-Use Commercial Building For Sale

      Rare opportunity: mixed-use commercial building with multiple offices and ample parking.
      8726 OLD COUNTY ROAD 54, NEW PORT RICHEY, FL 34653
      View Details
    • $849,000
      4,636 SF

      Mixed-Use Corner Parcel with Automotive

      Mixed-use property on a corner lot combining a long-running automotive service business with occupied rental units.
      0 MASTER MECHANICS OF NEW PORT RICHEY, INC. BOULEVARD, NEW PORT RICHEY, FL 34652
      View Details
    • $299,000
      1,205 SF

      Cash Flowing Duplex For Sale

      Turnkey, renovated duplex with dual income stream and expansion potential.
      5045 GREEN KEY ROAD, NEW PORT RICHEY, FL 34652
      View Details
    • $189,000
      2,614 SF

      Turnkey Restaurant in New Port Richey

      Fully equipped 82-seat restaurant in downtown New Port Richey, Florida.
      5414 MAIN STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $3,186,000
      801 SF

      New Port Richey Multifamily Investment

      36-unit, 55+ community with 10% cap rate.
      4954 BITNER STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $299,000
      1,736 SF

      Income-Generating Duplex Residence

      Duplex in an MF1 zone with roof under five years old, plus in-unit washer and dryer connections.
      6937 MCBRIDE COURT, NEW PORT RICHEY, FL 34652
      View Details
    • $2,000,000
      8,191 SF

      New Port Richey Office Building

      8,191 SF office building with lease in place.
      2533 PERMIT PLACE 2523/2533, NEW PORT RICHEY, FL 34655
      View Details
    • $399,000
      2,880 SF

      Freestanding Commercial Property in New Port Richey

      Freestanding 2,880 SF commercial building on 0.32-acre lot.
      6153 MASSACHUSETTS Ave, New Port Richey, FL 34653
      View Details

    FAQs

    What type of property is this?
    Shopping center - 40,960 SF building on US Highway 19 for sale.
    Where is this shopping center located?
    The property is located at 3621 US Hwy 19 New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: High visibility on US Highway 19 (70,000 AADT); Current cash flow ($308,367 NOI); Redevelopment and/or re‑tenanting opportunity
    (813) 765-4479 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Shellabarger
    Mark Shellabarger
    Real Estate License ID: FLBK3223363
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3621 US Hwy 19, New Port Richey, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!