3545 Us Highway 19 New Port Richey, FL 34652
- Lifestyle centers
- 43,448 SF
- 5.40 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3545 Us Highway 19
- Lot size
- 5.40 lot acres
- Property size
- 43,448 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7397
- Latitude
- 28.2112
