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    Hwy 54 & Sawyer Ln New Port Richey, FL 34652

    For Sale
    $1,581,000

    Prime 3.1-acre commercial lot in Elfers, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 3.1-acre commercial land parcel, located at the intersection of U.S. Highway 54 and Sawyer Lane in Elfers, Florida (zip code 34652, Pasco County), presents a remarkable investment opportunity. The property boasts excellent visibility and accessibility, with 120 feet of frontage on Highway 54 and 625 feet on Sawyer Lane, ensuring high traffic exposure. Zoned C-2 (General Commercial District), this site offers a wide range of development possibilities. The asking price is $1,581,000, translating to $540,000 per acre. The parcel identification number (APN) is 20-26-16-0000-03900-0000. Situated in FEMA Zone C, this location presents minimal flood hazard risk. This strategically located property is ready for your vision, offering significant potential for commercial development in a thriving area. Its prime location and generous size make it an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing market.

    Property Features for 0 Hwy 54 & Sawyer Ln

    General Information

    Property type
    Land
    Lot Size
    135,036 SF

    HighLights

    • High‑traffic location with excellent visibility and access from US Highway 54 and Sawyer Lane.
    • 120' of frontage on US Highway 54 and 625' on Sawyer Lane.
    • Located in FEMA Zone C, minimal flood hazard.
    • C‑2 General Commercial zoning allows for diverse development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7217195
    Latitude
    28.2169274

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    FAQs

    What type of property is this?
    Land - Prime 3.1-acre commercial lot in Elfers, FL
    Where is this land located?
    The property is located at Hwy 54 & Sawyer Ln New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $1,581,000.
    What are key features of this property?
    This property features: High-traffic location with excellent visibility and access from US Highway 54 and Sawyer Lane.; 120' of frontage on US Highway 54 and 625' on Sawyer Lane.; Located in FEMA Zone C, minimal flood hazard.
    (813) 221-2290
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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
    Hwy 54 & Sawyer Ln New Port Richey, FL 34652
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