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    5616 Fl-54 New Port Richey, FL 34652

    For Sale
    $1,450,000

    Prime Commercial Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.97-acre commercial land parcel in New Port Richey, Florida, presents a remarkable redevelopment opportunity. Boasting 207 feet of frontage on State Road 54, a major thoroughfare with an impressive average annual daily traffic count of 37,500 vehicles, this property offers unparalleled visibility and accessibility. Currently improved with a 30-unit self-storage facility and a leased single-family home, the site is zoned C2, allowing for a wide range of commercial uses. The property's location within a densely populated residential area and surrounded by national retailers ensures high demand and strong potential for future development. The expansive lot size allows for the construction of a multi-story building, potentially up to 60 feet in height, making it ideal for a variety of commercial ventures, including but not limited to a multi-story storage facility. The asking price is $1,450,000. This is a rare chance to acquire a high-traffic, versatile commercial property in a thriving Florida market. The property is located at 5616 FL-54, New Port Richey, FL 34652, in Pasco County.

    Property Features for 5616 Fl-54

    General Information

    Property type
    Land
    Lot Size
    42,253 SF

    HighLights

    • 207 feet of frontage on State Road 54.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.721481813951
    Latitude
    28.216904563276

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Area
    Where is this land located?
    The property is located at 5616 Fl-54 New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 207 feet of frontage on State Road 54.; ;
    (727) 599-8434
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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
    5616 Fl-54 New Port Richey, FL 34652
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