Back to Search

Commercial Building with Dual Addresses

5124 TROUBLE CREEK ROAD, New Port Richey, FL 34652

View on Map

For Sale

$289,000

Versatile commercial property with salon, rental space, and excellent location.

Type:Commercial/Industrial

Property size:

2,070 SF

Lot size:

0.14 Acres

Price / SF:

$139/SF

HighLights

Excellent location near Sam's Club with high traffic road frontage.
Two addresses (5124 and 5122) offering dual rental/business potential.
Functional hair and nail salon with equipment and furniture included.
Second rentable space with office, bathroom, kitchen, and flexible rooms for residential or commercial use.
Zoned C1 mixed‑use, allowing for residential/commercial combination.
12 parking spaces, 2 electric meters, and 2 AC units.

We can help!

Listing Contact

Mike Sanders

Learn more

For Sale

$289,000

Versatile commercial property with salon, rental space, and excellent location.

Type:Commercial/Industrial

Property size:

2,070 SF

Lot size:

0.14 Acres

Price / SF:

$139/SF

Added:: Sep 9, 2024
Days on Market:: 642
Last Refresh:: May 20 at 12:39 am

Property Features for 5124 TROUBLE CREEK ROAD

General Information

Standard status: Active
Size: 2,070 SF
Lot size: 0.14 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1968

We can help!

Listing Contact

Mike Sanders

Listing agent Mike Sanders License #686944

Listing office HOMES BY SANDERS REALTY

Listing date Sep 9, 2024

Source Exitrealty

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 HOMES BY SANDERS REALTY

HighLights

Excellent location near Sam's Club with high traffic road frontage.
Two addresses (5124 and 5122) offering dual rental/business potential.
Functional hair and nail salon with equipment and furniture included.
Second rentable space with office, bathroom, kitchen, and flexible rooms for residential or commercial use.
Zoned C1 mixed‑use, allowing for residential/commercial combination.
12 parking spaces, 2 electric meters, and 2 AC units.

Overview

This commercial property features two addresses, 5124 and 5122, and offers excellent road frontage exposure near Sam's Club. The property includes a functional hair and nail salon, along with a second rentable space. The main salon is equipped with 4 hair chairs and a washing area, 2 pedicure stations, 2 nail tables, 2 UV drying stations, a quiet massage room, and an office. Additional amenities include a laundry room with a washer and dryer, a full bathroom with a shower, and multiple chairs in the waiting area with a TV. A bonus rear flex space is also available. The second space is set up with a front office, a half bath, and two additional rooms that could serve as bedrooms or offices, a full kitchen with a refrigerator and range, plus a full bath with a tub and shower. The property is situated on a fenced corner lot with a backyard and includes 12 parking spaces, 2 electric meters, and 2 AC units. Zoned C1 mixed-use, the property presents many possibilities for residential and commercial combinations. The property size is 2070 square feet.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$44.7k	$21.60
− Vacancy	−$3.6k	−$1.73
EGI	$41.1k	$19.87
− OpEx	−$15.4k	−$7.45
NOI	$25.7k	$12.42

2,070 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$367.3K

$321.4K – $428.5K (±1% cap)

NOI $25,709 @ 7.0% cap · market cap 8.90%

Second Best

Retail

$290.3K

$254.0K – $338.7K (±1% cap)

NOI $20,322 @ 7.0% cap · market cap 7.03%

Theoretical Best

Office A

$471.5K

$412.6K – $550.1K (±1% cap)

NOI $33,007 @ 7.0% cap · market cap 11.42%

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

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: New Port Richey
County: Pasco
State: Florida
Longitude: -82.7292
Latitude: 28.2241

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

For sale
Retail space
FL
New Port Richey
34652
5124 TROUBLE CREEK ROAD

What type of property is this?

Retail space - Versatile commercial property with salon, rental space, and excellent location.

Where is this retail space located?

The property is located at 5124 TROUBLE CREEK ROAD New Port Richey, FL.

What is the asking price?

The asking price for this property is $289,000.

What are key features of this property?

This property features: Excellent location near Sam's Club with high traffic road frontage.; Two addresses (5124 and 5122) offering dual rental/business potential.; Functional hair and nail salon with equipment and furniture included.