4740 Us-19 New Port Richey, FL 34652
- Lifestyle centers
- 33,515 SF
- 4.82 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 4740 Us-19
- Year built
- 1985
- Lot size
- 4.82 lot acres
- Property size
- 33,515 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 33,515-square-foot shopping center in New Port Richey, Florida. Located at 4740 US-19, this single-story, 1985-built property sits on a 4.82-acre lot and boasts 12 tenants, achieving an 80% occupancy rate. The center enjoys a highly visible position along US Highway 19 N, a major retail corridor with an impressive 65,500 average annual daily traffic (AADT). Its prime location within a thriving, densely populated area provides excellent access and visibility. The surrounding 5-mile radius encompasses over 160,000 residents, boasting an average household income exceeding $69,000. The property features one full access point, one right-in/right-out/left-in, and two right-in/right-out access points along US Highway 19 N. Convenient access is also provided via the lighted intersection of US Highway 19 N and Floramar Terrace. Cross-access is established with the Pinellas County Tax Collector's office, offering two additional full access points along Shamrock Drive. This well-positioned shopping center offers a compelling investment opportunity in a mature and desirable market. The asking price is $3,935,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7307
- Latitude
- 28.2285
