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Property Description

One or more photo(s) has been virtually staged. This Class B Income Producing Multi-Story Office Complex in the West Pasco “Million Dollar Mile” on US Highway 19 in Port Richey, Florida, presents a prime investment opportunity. Built-in 1981 and renovated, the property comprises 10,790 SF divided into 3 units within a two-story former bank building. The first floor includes a former bank with 1,730 SF, complete with a vault, teller line, and a 4-lane drive-thru. Additionally, H&R Block occupies 2,908 SF on the first floor. The second floor offers 6,152 SF of turnkey office space, featuring 10 private offices, 3 conference rooms, and a break room—all fully wired with high-speed internet and communications, accessible by an elevator and handicap accessible. Situated on a highly visible 1.59-acre double corner lot zoned C2 Commercial, the property boasts 39 parking spaces, a powered pylon sign, and 151′ of highway frontage on US Hwy 19 with a 58,500 AADT (Average Annual Daily Traffic). Access is facilitated by a full median break right in/right out via north and south on US Hwy 19 and accessible from all sides of the road. The strategic location is central, surrounded by national retailers such as Publix Supermarket, Starbucks, Walgreens, Walmart, and various branded Quick Service Restaurants (pending municipal approval). Within a 15-minute drive time, the property caters to a population of 193,892 with 78,656 households, a median age of 48 years, and a median household income of $64,256. Consumer expenditures in the area include significant amounts in healthcare, food at home, food away from home, and entertainment and recreation. The property is located in Port Richey, Pasco County, Florida, within the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA)—the 18th Largest MSA in the United States. Pasco County’s population is growing at 2.17% and is expected to increase significantly in the coming years, making this an exciting investment opportunity in one of the hottest real estate markets in the country.

Features
: Electric
: Central Air
: Ground Level, Over 30 Spaces
: Ceramic Tile, Carpet
: Public Sewer
: Public, Electricity Available, Water Connected
Address Map
US
FL
Pasco
Port Richey
34668
W83° 17' 12.8''
N28° 17' 20.8''
34668 - Port Richey
C2
Additional Information
313x380
: Public
2
2350000
2024-01-06
3
: Accessible Hallway(s), Accessible Central Living Area, Accessible Elevator Installed
: Sidewalk, Paved, Corner Lot, FloodZone
: Slab
: Other, Brick
10790
Financial
11304.9
Listing Information
275501317
275500070
Cash,Conventional
Active
2024-03-23T05:08:09Z
Stellar
: None
2024-01-07T01:10:36Z
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Port Richey

Port Richey, Florida 34668

10,790
$2,158,000
Listing ID #OM669931
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : OM669931
Price : $2,158,000
Square Footage : 10,790
Year Built : 1981
Lot Area : 1.59 Acre
Status : Active
Office Name : CENTURY 21 J.W.MORTON R.E.
Agent Name : Elias Kirallah
Property Sub Type : Office
Roof : Built-Up
Listing Status : Active
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Erica Diaz Team

CONTACT US

Phone: (407) 904-2702
Hours: Everyday, 9AM – 5PM
Address: 326 S Dillard St, Winter Garden, FL. 34787

Erica Diaz, P.A. DBA Erica Diaz Team. MLS License #261211327. Brokered by Homevest Realty.

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