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Property profile & analytics
OFF-MARKET
Land

8041 Old County Road 54 New Port Richey, FL 34653

10.19 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.19-acre commercial land parcel in New Port Richey, Florida, presents a significant development opportunity. Located on Old County Road 54 in Pasco County (zip code 34653), this property is currently zoned PO2 (Professional Office), allowing for medical office uses, and has a future use designation of RES-9, opening possibilities for residential development. Its strategic location offers convenient access to major highways, medical facilities, and shopping centers, situated less than two miles east of HCA Florida Trinity Hospital. While approximately 2.80 acres of wetlands impact the developable area, existing wastewater connections and a water main are already on-site. Prospective buyers are advised to independently verify the depth and capacity of these utilities. The property's versatility, combined with its proximity to amenities and healthcare facilities, makes it an attractive investment for developers seeking to create a mixed-use project or capitalize on the potential for future residential development. Careful planning will be required to address the presence of wetlands, but this could also be leveraged as a unique design element. This site offers a compelling investment proposition in a growing area.

Property profile
Verified
Property type Land
Lot 10.19 ac (443,876 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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