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    Property profile & analytics
    FOR SALE
    Commercial land

    5650 Gulf Dr, Port Richey, FL 34652

    0.6 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US18-6676721
    Property summary
    AI-generated overview

    This exceptional 0.6-acre commercial land parcel presents a unique investment opportunity in Port Richey, Florida. Located at 5650 Gulf Dr, this property boasts a highly desirable virtual corner location, offering excellent visibility and accessibility. The lot features double road frontage, maximizing exposure and potential for development. The property is zoned OFC (Office/Flex Commercial) by the City of New Port Richey, allowing for a variety of commercial uses. Convenient access to essential utilities is ensured with sewer and water readily available on-site. Priced at $145,000, this property in Pasco County (zip code 34652) represents a compelling chance to acquire a strategically positioned commercial lot with significant development potential. Its location offers easy access to major roadways and local amenities, making it an attractive option for businesses seeking a prominent presence in a thriving community. The coordinates are 28.238861955765344 latitude and -82.72066482387126 longitude. Don't miss this chance to secure this valuable asset.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.6 ac (26,063 SF)
    Zoning code 0OFC
    APN 08-26-16-0240-00400-0060
    UPID US18-6676721
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gtc Lllp · 2 yrs held
    Gtc Lllp
    since 2023
    Last sale
    $68,500
    7 recorded transactions
    2023
    $68,500
    2019
    2017
    2007
    $1.2M
    2002
    2002
    $15,000
    1969
    Zoning & alternative use
    0OFC · New Port Richey, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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