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Downtown Office Building For Sale

5838 MAIN St New Port Richey, FL 34652

5838 MAIN St, New Port Richey, FL, 34652
$595,000
For Sale
Claim this Listing
$595,000

1,900 SF professional office building in booming downtown.

Property Size1,900 SF
Price / SF$313.16
AddedApr 24
Days on Market83
Last RefreshJul 2 at 8:05 pm

Property Features for 5838 MAIN St

General Information

Standard status
Active
Size
1,900 SF
Property subtype
Commercial

Building Details

Year Built
1969

Listing office LPT Realty, LLC.

Listing date Apr 24, 2026

Source Elliman

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 LPT Realty, LLC.


Investment Insights

Based on property information with market context.

Located in the heart of historic downtown New Port Richey, this 1,900 SF professional office building benefits from high visibility and steady traffic. A new public parking lot is located immediately adjacent to the property, with additional street parking available along Main Street. The single-story layout includes three restrooms and a multi-room configuration, previously used as a dental office. This layout is suitable for various uses, including medical, dental, wellness, legal, financial services, salon suites, executive offices, or general professional office space. The interior is ready for renovation, presenting an opportunity for a customized space. The configuration also allows for multiple suites, making it suitable for multi-tenant income, professional office condos, or owner-occupancy. Constructed of concrete block, the property offers a strong Main Street presence and walkable downtown surroundings. Recent updates include a new roof in 2023 and two new rooftop HVAC systems in 2023. The location is positioned for long-term success, surrounded by a thriving and in-demand community. The property has a bike score of 43, indicating it is somewhat bikeable, and a walk score of 16, indicating car-dependent surroundings.

Key Highlights

  • Prime Main Street location in booming Historic Downtown New Port Richey.
  • New roof and two new rooftop HVAC systems installed in 2023.
  • Adjacent to a new public parking lot, plus additional street parking.

Local Financial Insights For Healthcare Medical

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 $31.9k $16.80
− Vacancy −$2.7k −$1.43
EGI $29.2k $15.37
− OpEx −$11.7k −$6.15
NOI $17.5k $9.22
1,900 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$250.3K
$219.1K – $292.1K (±1% cap)
NOI $17,524 @ 7.0% cap · market cap 2.95%
Second Best
Office B
$183.2K
$160.3K – $213.7K (±1% cap)
NOI $12,822 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$432.8K
$378.7K – $505.0K (±1% cap)
NOI $30,297 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Butcher Catering Service Tanning Salon (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store Fish Market (Bike/Boat/Book/etc) Store Locksmith Cafe & Coffee Shop

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

FAQs

What type of property is this?
Office building - 1,900 SF professional office building in booming downtown.
Where is this office building located?
The property is located at 5838 MAIN St New Port Richey, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime Main Street location in booming Historic Downtown New Port Richey.; New roof and two new rooftop HVAC systems installed in 2023.; Adjacent to a new public parking lot, plus additional street parking.
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