5325 Treadway Dr Port Richey, FL 34668
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Prime waterfront restaurant, marina, hotel
Property size:
6,700 SFProperty Features for 5325 Treadway Dr
General Information
- Property type
- Marinas
- Square Feet
- 6,700 SF
- Lot Size
- 32,670 SF
Building Details
- Year Renovated
- 2021
- Buildings
- 2
- Stories
- 2
Listing Agency: Team Grimaldi Commercial Real Estate Listing Agent: Frank Charles Grimaldi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 1.51-acre waterfront property in Port Richey, Florida, presents a unique redevelopment opportunity. The site boasts a 200-foot commercial marina (80% leased), a currently operating restaurant with a liquor license and seating for 165, and a former hotel building. The property is situated on the Cotee River, near popular establishments and attractions, benefiting from a prime location within a designated redevelopment area. The city has invested $5 million in recent infrastructure improvements, including new lighting, streets, sidewalks, and golf cart paths. The property is zoned C2 Commercial, allowing for a wide range of uses, and includes six lots across three parcels. Comprehensive Phase 1 environmental reports and surveys are available. Concept plans for a 90-120 room hotel resort are also available. The asking price is $5,200,000, with seller financing a possibility. The property offers significant upside potential due to its location, existing infrastructure, and zoning. The current NOI is $85,000, with a pro-forma NOI of $1,200,000 and a pro-forma cap rate of 15%. The property includes 71 parking spaces and two buildings with two stories each. The total net rentable square footage is 15,000 square feet. The existing restaurant lease has one year remaining. This is a multi-tenant property with eight tenants.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Seaside Bar and Grill
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.725703362231
- Latitude
- 28.273333428969
Nearby Similar for Sale
FAQs
What type of property is this?
Marina - Prime waterfront restaurant, marina, hotel
Where is this marina located?
The property is located at 5325 Treadway Dr Port Richey, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 1.51-acre waterfront commercial property in Port Richey, Florida, the only port in Pasco County with Gulf access, offering significant commercial docking expansion potential.; Seaside Restaurant with lease in place (business also for sale), 165-seat capacity, and liquor license; hotel currently not operating; 80% leased commercial wet slips offer high income potential.; Prime Cotee River location near Hooters, Dawgs Bar & Grill, a casino cruise ship, and other major entertainment venues.