Freestanding Restaurant with
New
For Sale
$1,150,000
6143 MASSACHUSETTS AVENUE, New Port Richey, FL 34653
The restaurant includes food and full-liquor licenses, central air, and paved customer parking.
Property Size3,436 SF
Price / SF$334.69
Days on Market4
Property Features for 6143 MASSACHUSETTS AVENUE
General Information
Standard status
Active
Size
3,436 SF
Total Parking Spaces
25
Property subtype
Restaurant
Zoning
C2
Additional Details
Business Included
Yes
Liquor License
Yes
Amenities
0.16 acres
Additional parcels description:, Parcel Number: 33-25-16-0120-00A00-0160, Public Survey Range: 16, Public Survey Section: 33, Annual Amount: $1,332, Tax Block: A, Tax Book Number: 2-71A, Legal Description: SASS SUB PB 2 PG 71A LOTS 16 & 17 BLK A OR 1657 PG 1257, Lot: 16, Year: 2025, Zoning: C2
Central Air
Listing ID: MFRW7890496, Standard Status: Active, MLS Status: Active, Property Subtype: Restaurant, On market as of 2026-10-21, Special Conditions: None
Built in 1962, Living area: 2940, Living area units: Square Feet, Construction Materials: Block
Subdivision: SASS SUB, MLS Area (Major): 34653 - New Port Richey, County/Parish: Pasco
Slab
Frontage Type: County Road, Road Surface: Paved
Building Details
Year Built
1962
Buildings
1
Construction
block & stucco
Listing Agency:
RE/MAX SUNSET REALTY
(727) 863-2402
Listed By:
Frank Fekete, LLC · License #3039291
(727) 534-4871
Source:
Miharaandassociates
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 24 at 6:21PM
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 RE/MAX SUNSET REALTY
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Investment Insights
Based on property information with market context.
This freestanding restaurant and bar has 2,964 square feet of block-and-stucco construction, central air, and 25 paved parking spaces. The business has operated as Sail Inn for 39 years and is offered with food and full-liquor licenses. The building dates to 1962 and is zoned C2.
Located near downtown New Port Richey, the property has a Walk Score of 33 and a Bike Score of 53. The reported seating capacity may support qualification for an additional 4COP-SRX liquor license, with potential annual proceeds stated as $1,820; owner financing is also available.
Located near downtown New Port Richey, the property has a Walk Score of 33 and a Bike Score of 53. The reported seating capacity may support qualification for an additional 4COP-SRX liquor license, with potential annual proceeds stated as $1,820; owner financing is also available.
Key Highlights
- 2,964‑square‑foot freestanding restaurant and bar
- 25 paved parking spaces
- Food and full‑liquor licenses in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,191
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,820
$763.8K
Cap Rate 7%
$545,586
$545.6K
Cap Rate 9%
$424,344
$424.3K
Market Conditions
NOI Build-Up for 3,436 SF
Gross rent
$53.6K $15.60/SF
− Vacancy
−$2.7K −$0.78/SF
EGI
$50.9K $14.82/SF
− OpEx
−$12.7K −$3.70/SF
NOI
$38.2K $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%
$763,820
Cap Rate 7%
$545,586
Cap Rate 9%
$424,344
Alternative Uses
Best Use
Specialty Retail
$545.6K
$477.4K – $636.5K
NOI $38,191 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,789 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
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 restaurant includes food and full-liquor licenses, central air, and paved customer 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: 2,964‑square‑foot freestanding restaurant and bar; 25 paved parking spaces; Food and full‑liquor licenses in place
