Property summary
This exceptional 3,949 square foot office building in New Port Richey, Florida, presents a compelling owner-user opportunity. Located at 7552 Congress St, this single-story, 1982-built property sits on a 0.29-acre lot and boasts 16 parking spaces, providing ample convenience for tenants and staff. Currently configured as a multi-tenant building with five occupants, all leases expire October 31, 2023, offering significant potential for expansion or repositioning. The property is zoned C1 and benefits from a highly visible location on Congress Street, between Ridge Road and downtown New Port Richey, ensuring excellent accessibility and exposure. The asking price is $695,000, translating to $175.99 per square foot. The property's convenient location offers easy access to major roadways and the vibrant downtown area. This presents a rare chance to acquire a well-situated office building in a thriving Florida market, ideal for an owner-occupier seeking to expand their business or a savvy investor looking for a strong return. The property's existing tenant base provides immediate cash flow, while the upcoming lease expirations offer flexibility for future development. The property's APN is 33-25-16-0780-00000-00C0. This is a modified lease situation.
Property profile
VerifiedCap rate & NOI
Current use
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Counselor
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Medical Clinic Spa & Massage Center
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Alternative Medicine Practice Spa & Massage Center
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Employment Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
00C1 · New Port Richey, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 00C1 in New Port Richey, FL.
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