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    Freestanding Retail Building For Sale Title is generated by Realmo AI

    6507 Massachusetts Ave, New Port Richey, FL

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    10,908 SF retail building with drive-thru capability and ample parking.

    Type:RETAIL
    Property size:
    10,908 SF
    Lot size:
    1.52 Acres
    Price / SF:
    $178/SF
    Added:
    Oct 22, 2025
    Days on Market:
    232
    Last Refresh:
    May 19 at 9:39 pm

    Property Features for 6507 Massachusetts Ave

    General Information

    Standard status
    Active
    Size
    10,908 SF
    Lot size
    1.52 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Gene Ruiz

    Listing agent Gene Ruiz

    Listing office RIPCO Real Estate | Tampa

    Listing date Oct 22, 2025

    Source Moodyscre

    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 RIPCO Real Estate | Tampa

    HighLights

    • Freestanding retail building at a 4‑way lighted intersection with 450 FT of aggregate frontage and combined 25,000 AADT.
    • 10,908 SF of GLA with 15 FT ceilings, grade‑level door, inventory belt, and drive‑thru capability on 1.54 AC with 56 parking spots.
    • Corporate‑guaranteed Absolute Triple Net (NNN) lease with Aaron’s through April 2028, with the ability to recapture prior to lease expiration.
    • Tenant is responsible for property taxes, insurance, common area maintenance, and roof and structure.
    • New roof and repaved and restriped parking lot as of August 2025.
    • Adjacent to new ALDI, Dollar Tree, Dollar General, and McDonald's.

    Overview

    This 10,908 square foot retail building offers an owner-user or investment opportunity. The property features 15-foot ceilings, a grade-level door, an inventory belt, and drive-thru capability. Situated on 1.54 acres, the site includes 56 parking spots. Recent improvements include a new roof and a repaved and restriped parking lot, completed in August 2025. The property is located at a 4-way lighted intersection of Massachusetts Avenue and Congress Street, offering 450 feet of aggregate frontage and a combined average annual daily traffic (AADT) count of 25,000. It is also located in close proximity to US 19 (2.9 miles) and Little Road (2 miles). The property is currently subject to a dark corporate-guaranteed Absolute Triple Net (NNN) lease with Aaron’s through April 2028, with the ability to recapture prior to lease expiration. The tenant dissolved operations at this location in February 2024. The tenant is responsible for property taxes, insurance, common area maintenance, and roof and structure. The property is adjacent to a new ALDI, Dollar Tree, Dollar General, and McDonald's.

    Local Financial Insights For 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 $163.6k $15.00
    − Vacancy −$10.6k −$0.98
    EGI $153.0k $14.03
    − OpEx −$45.9k −$4.21
    NOI $107.1k $9.82
    10,908 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.53M
    $1.34M – $1.78M (±1% cap)
    NOI $107,089 @ 7.0% cap · market cap 5.49%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.48M
    $2.17M – $2.90M (±1% cap)
    NOI $173,935 @ 7.0% cap · market cap 8.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aaron's Furniture & Home Goods

    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.

    Similar Places Nearby

    • Ibritz Flower Decoratif — 6130 Massachusetts Ave, New Port Richey, FL 34653

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7069
    Latitude
    28.259

    FAQs

    What type of property is this?
    Storefront property - 10,908 SF retail building with drive-thru capability and ample parking.
    Where is this storefront property located?
    The property is located at 6507 Massachusetts Ave New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Freestanding retail building at a 4‑way lighted intersection with 450 FT of aggregate frontage and combined 25,000 AADT.; **10,908 SF of GLA with 15 FT ceilings, grade‑level door, inventory belt, and drive‑thru capability on 1.54 AC with 56 parking spots.**; Corporate‑guaranteed Absolute Triple Net (NNN) lease with Aaron’s through April 2028, with the ability to recapture prior to lease expiration.
    (813) 320-0050 Call to check price and availability
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