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    6514 Rdg Rd New Port Richey East, FL 34668

    For Lease
    $117,187

    High-traffic location, former bank building

    Lot size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional ground lease opportunity presents a 6,400 square foot retail space situated on a prominent 1.92-acre corner lot in Pasco County. The property, previously occupied by a bank, benefits from excellent visibility and accessibility, located at the highly trafficked intersection of Ridge Road and Congress Street, boasting an impressive 35,000 average annual daily traffic (AADT). Its strategic location on a major east-west thoroughfare ensures consistent exposure to a large customer base. The property is zoned C2, offering flexibility for a variety of retail uses. The building itself offers ample space for a single tenant, making it ideal for a business seeking a high-profile location with significant street frontage. The substantial lot size provides ample parking and potential for future expansion. The parcel number is 25-35-16-0010-039000-0000. This is a rare chance to acquire a well-positioned retail space in a thriving commercial area. The property's history as a bank suggests a strong foundation and established infrastructure. The lighted corner location further enhances visibility and attractiveness to potential customers. This presents a unique opportunity for a business seeking a high-impact location with significant traffic flow. This ground lease offers a compelling investment opportunity in a prime retail location.

    Property Features for 6514 Rdg Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,400 SF
    Total Rate
    117187

    Unit(s) available at that property

    Space
    Size
    83,635 SF
    Rate per SF
    $117,187

    HighLights

    • 6,400 SF retail building on a ground lease.
    • Single‑tenant occupancy.
    • 1.92‑acre lot.
    • C2 zoning.
    • Located at the southeast corner of Ridge Road and Congress Street in Pasco County, Florida (APN: 25‑35‑16‑0010‑039000‑0000).
    • High traffic location with 35,000 AADT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bank of America ATM ... Atm

    Suggested Use

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

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey East
    County
    Pasco
    State
    Florida
    Longitude
    -82.7066831
    Latitude
    28.2804006

    Nearby Comparable

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      Retail Space For Lease

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, former bank building
    Where is this retail property located?
    The property is located at 6514 Rdg Rd New Port Richey East, FL.
    What is the lease rate?
    The lease rate is $117,187.
    What are key features of this property?
    This property features: 6,400 SF retail building on a ground lease.; Single-tenant occupancy.; 1.92-acre lot.
    Request Owner's contact information
    6514 Rdg Rd New Port Richey East, FL 34668
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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
    6514 Rdg Rd New Port Richey East, FL 34668
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