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    Freestanding Commercial Property in New Port Richey Title is generated by Realmo AI

    6153 MASSACHUSETTS Ave, New Port Richey, FL 34653

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    For Sale
    $399,000

    Freestanding 2,880 SF commercial building on 0.32-acre lot.

    Type:Commercial
    Property size:
    2,880 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $138/SF
    Added:
    Apr 24, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 24 at 3:58 pm

    Property Features for 6153 MASSACHUSETTS Ave

    General Information

    Standard status
    Active
    Size
    2,880 SF
    Lot size
    0.32 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Jay Phillips

    Listing agent Jay Phillips

    Listing office JAY ALAN REAL ESTATE

    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 JAY ALAN REAL ESTATE

    HighLights

    • Freestanding commercial building in the heart of New Port Richey.
    • High visibility with direct frontage on Massachusetts Avenue.
    • Strong traffic counts of 11,500 vehicles daily.
    • Flexible C‑2 zoning allows for a variety of business uses.
    • Building size: 2,880 SF on a 0.32‑acre lot.
    • Currently operating as a cigar lounge.

    Overview

    This freestanding, single-story commercial property, currently operating as a cigar lounge, is located in the heart of New Port Richey. The building has 2,880 square feet of space and sits on a 0.32-acre lot. It features direct frontage on Massachusetts Avenue, providing excellent visibility. The location benefits from strong traffic counts of 11,500 vehicles daily. The property is zoned C-2, which allows for a wide variety of alternative business uses. The bike score is 44, indicating it is somewhat bikeable, and the walk score is 18, indicating car-dependence.

    Local Financial Insights For Specialty 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 $44.9k $15.60
    − Vacancy −$2.2k −$0.78
    EGI $42.7k $14.82
    − OpEx −$10.7k −$3.70
    NOI $32.0k $11.11
    2,880 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $457.3K
    $400.1K – $533.5K (±1% cap)
    NOI $32,011 @ 7.0% cap · market cap 8.02%
    Second Best
    Retail
    $403.9K
    $353.4K – $471.2K (±1% cap)
    NOI $28,274 @ 7.0% cap · market cap 7.09%
    Theoretical Best
    Office A
    $656.0K
    $574.0K – $765.4K (±1% cap)
    NOI $45,923 @ 7.0% cap · market cap 11.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Patriot Stogies, A Fine ... (Bike/Boat/Book/etc) Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7123088
    Latitude
    28.2589588

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    FAQs

    What type of property is this?
    Retail space - Freestanding 2,880 SF commercial building on 0.32-acre lot.
    Where is this retail space located?
    The property is located at 6153 MASSACHUSETTS Ave New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Freestanding commercial building in the heart of New Port Richey.; High visibility with direct frontage on Massachusetts Avenue.; Strong traffic counts of 11,500 vehicles daily.
    (727) 364-6347
    We can help!
    Listing Contact
    Jay Phillips
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