8821 Ridge Rd, New Port Richey, FL 34654
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
00C2 · New Port Richey, FLNew Port Richey. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.