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    5421 Gulf Dr New Port Richey, FL 34652

    Sponsored
    For Sale
    $349,000

    1.6 Acres, Office Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.61-acre commercial land parcel is ideally situated at the corner of Gulf Drive and Charles Street in New Port Richey, Florida, boasting approximately 200 feet of frontage on Gulf Drive. Located just two blocks east of US Highway 19, this property benefits from high visibility and significant daily traffic counts (approximately 6,600 vehicles). The property's APN is 08-26-16-0270-00200-0010+. Currently zoned for office use, there is potential for residential development, offering flexibility for various projects. The asking price is $349,000, translating to $216,770.19 per acre. Situated in Pasco County, Florida, with a zip code of 34652, this location provides easy access to major roadways and amenities. Importantly, the property is located in a Flood Zone X. This presents a unique opportunity for developers seeking a high-traffic location with potential for diverse development options. The property's size and location make it an attractive investment for those seeking a prime commercial development site in a growing area.

    Property Features for 5421 Gulf Dr

    General Information

    Property type
    Land
    Lot Size
    70,132 SF

    HighLights

    • 1.61± acre site.
    • 200± feet of Gulf Drive frontage.
    • 6,600± daily traffic count.
    • Zoned for medical office, with potential residential development.
    • Located in an X flood zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -82.724807305553
    Latitude
    28.238860801671

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    FAQs

    What type of property is this?
    Land - 1.6 Acres, Office Zoning, High Traffic
    Where is this land located?
    The property is located at 5421 Gulf Dr New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: 1.61± acre site.; 200± feet of Gulf Drive frontage.; 6,600± daily traffic count.
    (727) 460-4901
    Request Owner's contact information
    5421 Gulf Dr New Port Richey, FL 34652
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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
    5421 Gulf Dr New Port Richey, FL 34652
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