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    3545 Us Highway 19 New Port Richey, FL 34652

    Sponsored
    For Sale
    $4,750,000

    5.4 Acres, High-Traffic Location, Cash Flow

    Property size:
    43,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.4-acre mixed-use property in New Port Richey, Florida, presents a compelling redevelopment opportunity. Located at the signalized intersection of US Highway 19 and Moog Road, this prime commercial site boasts 43,448 square feet of existing building space currently 100% leased to two tenants, For The Floor and Pall Corporation, with lease expirations in 2025. The property comprises three parcels, the largest being a 4.48-acre parcel with over 334 feet of frontage on US Highway 19. Two smaller parcels, totaling approximately 0.92 acres, provide additional income streams from a drive-up coffee shop and seasonal fireworks sales. The property benefits from its location within a thriving retail corridor, situated in front of the Universal Mall (90,500 SF) and near other significant retail establishments, including a CVS. The area is experiencing substantial growth, evidenced by recent investments in nearby malls and the development of a new workforce training center and a 426-home master-planned community. Recent landscaping improvements along US Highway 19 further enhance the property's appeal. The current NOI is $308,957, and the asking price is $4,750,000, representing a land value of $880,000 per acre. This property offers a unique blend of immediate cash flow and significant long-term potential for a savvy investor or developer seeking a prime location with redevelopment or re-tenanting possibilities. The property is zoned C-2 General Commercial.

    Property Features for 3545 Us Highway 19

    General Information

    Property type
    Lifestyle centers
    Square Feet
    43,448 SF
    Lot Size
    235,224 SF

    Building Details

    Stories
    1

    HighLights

    • Value‑add opportunity through redevelopment or re‑tenanting.
    • Positive current cash flow.
    • Strong growth fueled by new investment and development in New Port Richey.
    • High‑visibility location on US Highway 19.
    • Favorable demographic trends.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -82.739689
    Latitude
    28.211201

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    FAQs

    What type of property is this?
    Lifestyle center - 5.4 Acres, High-Traffic Location, Cash Flow
    Where is this lifestyle center located?
    The property is located at 3545 Us Highway 19 New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: Value-add opportunity through redevelopment or re-tenanting.; Positive current cash flow.; Strong growth fueled by new investment and development in New Port Richey.
    Request Owner's contact information
    3545 Us Highway 19 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
    3545 Us Highway 19 New Port Richey, FL 34652
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