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Property profile & analytics
OFF-MARKET
Land

11721 Hwy Port Richey, FL 34668

40 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 40-acre commercial land parcel presents a unique development opportunity in Port Richey, Florida. Located at 11721 U.S. Hwy 19, this level and cleared site boasts existing utility infrastructure, including stormwater management, making it ready for immediate development. Currently zoned C-2 with R-24 FLU, the property offers versatility for various projects, including multi-family or residential developments. The site's former use as a flea market has been cleared, leaving behind a fully-serviced lot. Benefitting from dual ingress/egress points off heavily trafficked US Hwy 19 and SR 52 (66,000 cars daily), the property enjoys exceptional visibility and accessibility. Its location within Pasco County, a region experiencing significant population and employment growth (projected 13,000 new jobs), makes it an attractive investment. The property's western boundary abuts Werner-Boyce State Park, offering a natural backdrop. Within a 5-mile radius, there are over 105,000 residents, and the site is conveniently located near Bayonet Point Hospital and a new Wyndham Hotel. Its proximity to Tampa International Airport (approximately 35-40 minutes) further enhances its appeal. The asking price for this premier development site is $8,000,000. The property's APN is 09-25-16-0010-00400-0020.

Property profile
Verified
Property type Land
Lot 40 ac (1,742,400 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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