Current Use by Public Records
- Retail properties & Spaces
Property Details for 123 Newport Dr
- Year built
- 2007
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 5,500 square foot commercial property in Trinity, Florida, presents a unique owner-user opportunity. Located in New Port Richey at 123 New Port Richey, zip code 34655, this turn-key restaurant space boasts a high-profile location with approximately 44,000 vehicles passing daily. The building, constructed in 2007 and featuring a new roof (2021), offers ample seating for 275 (175 inside, 100 outside patio) and over 80 parking spaces. Its C-1 zoning allows for diverse uses, including medical offices, restaurants, retail, and more. The property benefits from strong retail synergy, surrounded by national brands like Walmart, Target, and Publix. Priced at $2,100,000 ($381.82/sq ft), this fee-simple offering presents a compelling value-add opportunity for investors seeking long-term appreciation or owner-users looking for a prime location to establish or expand their business. The property's high visibility and convenient location make it an ideal investment for a variety of commercial ventures.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trinity
- County
- Pasco
- State
- Florida
- Longitude
- -82.6807
- Latitude
- 28.1857
