9037 Us-19, Port Richey, FL 34668

Property Details for 9037 Us-19

Year built

1981

Lot size

1.59 lot acres

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a prime two-story, 10,790 square foot commercial building situated on a 1.59-acre double corner lot in Port Richey, Florida. The property, built in 1981 and renovated, is currently occupied by three tenants, including H&R Block. The first floor features a former bank with a drive-thru, vault, and teller line, along with additional retail space. The second floor offers 6,152 square feet of fully wired, turnkey office space, including ten private offices, three conference rooms, and a break room. The building boasts 39 parking spaces and a powered pylon sign, enjoying high visibility on US Highway 19, a major thoroughfare with an average annual daily traffic of 60,000 vehicles. The C2 Commercial zoning allows for a variety of uses. This property benefits from its strategic location within a thriving commercial area, surrounded by national retailers such as Publix, Starbucks, Walgreens, and Walmart. The area's strong demographics, including a population of 193,892 within a 15-minute drive, a median household income of $64,256, and significant consumer spending, further enhance its investment appeal. The property is offered at $1,774,000, representing a pro-forma cap rate of 5.70% and a price per square foot of $164.41. This is a fee-simple ownership opportunity in a rapidly growing market within the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area. The property offers excellent access to major roadways, including US-19, SR 50, SR 52, SR 54, and the Suncoast Parkway.

Location Insight

City

Port Richey

County

Pasco

State

Florida

Longitude

-82.7129

Latitude

28.289