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    Investment properties

    8821 Ridge Rd, New Port Richey, FL 34654

    1,440 SF 0.3 ac lot Built 1971
    Individually Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US18-2771424
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 8821 Ridge Rd in New Port Richey, Florida, presents a unique investment opportunity. The 1,440 square foot building sits on a 0.67-acre lot and boasts 245 feet of highway frontage on Ridge Road, offering unparalleled visibility and accessibility. Currently operating as an auto sales business, this property is ideally suited for redevelopment given its strategic location and C2/R1MH zoning. The single-story building provides ample space for a variety of uses, making it an attractive option for owner-occupiers or investors seeking a high-return asset. The asking price is $899,000, translating to $624.31 per square foot. The property includes two APNs: 26-25-16-0020-00600-0430 and 26-25-16-0020-00600-0450. Its prime location in Pasco County, Florida, zip code 34654, offers easy access to major transportation routes and a thriving local market. An additional parcel is available; inquire for details. This is a rare chance to acquire a versatile property with significant redevelopment potential in a high-traffic area. The property's size and zoning provide flexibility for a wide range of commercial and residential uses.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1971
    Total area 1,440 SF
    Lot 0.3 ac (13,000 SF)
    Zoning code 00C2
    APN 26-25-16-0020-00600-0430
    UPID US18-2771424
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    George T Schiffer · 11 yrs held
    George T Schiffer
    since 2014
    7 recorded transactions
    2019
    2018
    2014
    $120,000
    2013
    1969
    1969
    1969
    Zoning & alternative use
    00C2 · New Port Richey, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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