8041 Old County Road 54 New Port Richey, FL 34653
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.