7030 Osteen Rd New Port Richey, FL 34653-2422

Property Details for 7030 Osteen Rd

Year built

1974

Lot size

0.43 lot acres

Property size

4,248 SF

Zone code

00C2

Property type

Office buildings

APN

35-25-16-0030-06200-0042

APU

3525160030062000042

Description

This exceptional 21,350-square-foot industrial complex in New Port Richey, Florida, presents a compelling investment opportunity. Situated on 2.15 acres across three parcels, this property comprises four buildings totaling nearly 22,000 square feet. Building 1 offers 4,248 square feet of finished flex space, ideal for offices, featuring a reception area, executive offices, storage, a conference room, and three bathrooms. Recent renovations include interior and exterior paint, remodeled bathrooms, new vinyl laminate flooring, and a new HVAC system. Ample parking is available. Building 2 encompasses 6,300 square feet, including 5,500 square feet of insulated warehouse space with three overhead doors (two electric) and 800 square feet of showroom space with a loft for additional storage. Building 3 provides 9,100 square feet of warehouse space with six overhead doors (four electric), a small office, loft storage, a wash rack area, bay storage, a semi-dip ramp, and a loading dock. Building 4 is a 1,600-square-foot storage shed with a new roof and a sliding door. The property also features a large, paved parking area (approximately one-third acre) suitable for large equipment or potential future expansion. Currently leased to a single tenant until March 2025, this property is zoned C2 and offers significant potential for multi-tenant occupancy, promising a strong cap rate and substantial return on investment. The property is fully fenced and located outside of a FEMA designated flood zone. This versatile property is a rare find in the West Pasco market, perfect for owner-users or investors seeking a high-return asset. The asking price is $2,800,000, with a price per square foot of $131.15 and a 3.80% cap rate. The property includes 14 dock-high doors and 2 loading docks, with 18-foot ceiling heights. Built between 1974 and 1984, this complex offers a blend of modern updates and established infrastructure.