11721 Hwy Port Richey, FL 34668
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.
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
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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.