Freestanding Restaurant with
New
For Sale
$1,150,000
6143 MASSACHUSETTS Avenue, New Port Richey, FL 34653
Commercial Sale, NEW PORT RICHEY, FL
Property Size2,940 SF
Lot Size0.16 Acres
Price / SF$391.16
Days on Market2
Property Features for 6143 MASSACHUSETTS Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
SASS SUB
Directions
Take U.S. Hwy 19 to Main St. Turn left onto Adams St. Turn right onto Massachusetts Ave. "Sail Inn" will be on the left.
Standard status
Active
APN
33-25-16-0120-00A00-0160
Size
2,940 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SASS SUB PB 2 PG 71A LOTS 16 & 17 BLK A OR 1657 PG 1257
Tax Annual Amount
1332
Legal Description
SASS SUB PB 2 PG 71A LOTS 16 & 17 BLK A OR 1657 PG 1257
Utilities
Cooling system
Central Air
Building Details
Year built
1962
Building materials
Block
Listing Agency:
RE/MAX SUNSET REALTY · RE/MAX International
(727) 863-2402
Listed By:
Frank Fekete, LLC
(727) 534-4871
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 5:06PM
MLS# W7890496
Copyright © 2026 West Pasco Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding restaurant property has block construction, central air, and a 0.16-acre lot. The business has operated under the Sail Inn name for 39 years and holds food and full-liquor licenses. The building dates to 1962 and is in Zone X.
The site includes 25 paved parking spaces and is zoned C2. Its New Port Richey address places it near the city’s downtown area.
The site includes 25 paved parking spaces and is zoned C2. Its New Port Richey address places it near the city’s downtown area.
Key Highlights
- Food and full‑liquor licenses
- Freestanding restaurant with block construction and central air
- 25 paved parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,678
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,560
$653.6K
Cap Rate 7%
$466,829
$466.8K
Cap Rate 9%
$363,089
$363.1K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$45.9K $15.60/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$43.6K $14.82/SF
− OpEx
−$10.9K −$3.70/SF
NOI
$32.7K $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%
$653,560
Cap Rate 7%
$466,829
Cap Rate 9%
$363,089
Alternative Uses
Best Use
Specialty Retail
$466.8K
$408.5K – $544.6K
NOI $32,678 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.7K
$586.0K – $781.3K
NOI $46,880 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 28%
Dining 6%
Dollar Tree
Shops & Services
11,664 visits/mo
0.3 miles
Dollar General
Shops & Services
8,683 visits/mo
0.3 miles
Save-A-Lot
Groceries
7,378 visits/mo
0.4 miles
Chevron
Shops & Services
6,713 visits/mo
0.3 miles
Winn-Dixie
Groceries
5,169 visits/mo
0.3 miles
Demographics for 34653, FL
33,381
Population
17,752
Households
1.9
Avg Household Size
49
Median Age
18%
College-Educated
90%
High-School Grad
10.9 sq mi
ZIP Area
3,062
Density / Sq Mi
$47,660
Median Household Income
$35,327
Median Earnings
$1,222
Median Rent
$180,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property includes food and full-liquor licenses, along with paved on-site parking.
Where is this conventional restaurant located?
The property is located at 6143 MASSACHUSETTS Avenue New Port Richey, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Food and full‑liquor licenses; Freestanding restaurant with block construction and central air; 25 paved parking spaces
