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    8821 Ridge Rd New Port Richey, FL 34654

    For Sale
    $899,000

    1,440 SF Office/Retail, High Visibility

    Property size:
    1,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 8821 Ridge Rd in New Port Richey, Florida, presents a unique investment opportunity. The 1,440 square foot building sits on a 0.67-acre lot and boasts 245 feet of highway frontage on Ridge Road, offering unparalleled visibility and accessibility. Currently operating as an auto sales business, this property is ideally suited for redevelopment given its strategic location and C2/R1MH zoning. The single-story building provides ample space for a variety of uses, making it an attractive option for owner-occupiers or investors seeking a high-return asset. The asking price is $899,000, translating to $624.31 per square foot. The property includes two APNs: 26-25-16-0020-00600-0430 and 26-25-16-0020-00600-0450. Its prime location in Pasco County, Florida, zip code 34654, offers easy access to major transportation routes and a thriving local market. An additional parcel is available; inquire for details. This is a rare chance to acquire a versatile property with significant redevelopment potential in a high-traffic area. The property's size and zoning provide flexibility for a wide range of commercial and residential uses.

    Property Features for 8821 Ridge Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,440 SF
    Lot Size
    29,185 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $899,000 asking price for this mixed‑use property.
    • 1,440 square feet on a 0.67‑acre lot.
    • Located at 8821 Ridge Rd, New Port Richey, FL 34654.
    • C2/R1MH zoning.
    • Features 245 feet of highway frontage, ideal for redevelopment.
    • Currently operating as an auto sales business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -82.668797538265
    Latitude
    28.280676405223

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    FAQs

    What type of property is this?
    Mixed-use property - 1,440 SF Office/Retail, High Visibility
    Where is this mixed-use property located?
    The property is located at 8821 Ridge Rd New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: $899,000 asking price for this mixed-use property.; 1,440 square feet on a 0.67-acre lot.; Located at 8821 Ridge Rd, New Port Richey, FL 34654.
    (727) 849-2424
    Request Owner's contact information
    8821 Ridge Rd New Port Richey, FL 34654
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    New Port Richey, FL 34654
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8821 Ridge Rd New Port Richey, FL 34654
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