3545, 3561-3621 US Highway 19
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3545, 3561-3621 US Highway 19
3 Properties Offered at $6,672,230 CAD in New Port Richey, FL
Investment Highlights
- Redevelopment and/or Re-Tenanting Opportunity
- Upside Potential in Under-Utilized Outparcels
- Short Term Leases with Existing Tenants
- 43,448 SF building suitable for renovating and re-tenanting
- Current Cash Flow - $308,000 In-Place NOI
- High Visibility on US Highway 19 (70,000 AADT). Easy Access with Corner Location at Signalized Intersection
Executive Summary
The offering includes three (3) parcels. The largest is a 4.48 AC parcel with over 334' of frontage on US Highway 19 and improved with a 43,448 SF building that is 100% leased to two tenants - For The Floor (floor covering retailer) and Pall Corporation (space is being used as a warehouse for storage of boxes). The other two parcels include an adjacent 0.58-acre parcel also fronting on US Highway 19 (179') and a 0.34-acre parcel. Other income-generating uses on the parcels include a drive-up coffee shop and seasonal fireworks sales.
The property is located at the northwest quadrant of US Highway 19 and Moog Road, a signalized intersection. This quadrant includes the Universal Mall, a 90,500 SF retail center that the subject parcels are located in front of. Two other separately owned parcels with a CVS drug store and a local pharmacy complete the quadrant.
The property is located at the northwest quadrant of US Highway 19 and Moog Road, a signalized intersection. This quadrant includes the Universal Mall, a 90,500 SF retail center that the subject parcels are located in front of. Two other separately owned parcels with a CVS drug store and a local pharmacy complete the quadrant.
Property Facts
Price | $6,672,230 CAD | Number of Properties | 3 |
Price / SF | $166.81 CAD / SF | Individually For Sale | 0 |
Sale Conditions | Redevelopment Project | Total Building Size | 40,000 SF |
Sale Type | Investment | Total Land Area | 5.40 AC |
Status | Active |
Price | $6,672,230 CAD |
Price / SF | $166.81 CAD / SF |
Sale Conditions | Redevelopment Project |
Sale Type | Investment |
Status | Active |
Number of Properties | 3 |
Individually For Sale | 0 |
Total Building Size | 40,000 SF |
Total Land Area | 5.40 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
3621 US Highway 19, New Port Richey, FL 34652 | Retail | 40,000 SF | 1974 | - |
3633 US Highway 19, New Port Richey, FL 34652 | Land | 0.58 AC | - | - |
3545 US Highway 19, New Port Richey, FL 34652 | Land | 0.34 AC | - | - |
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3545, 3561-3621 US Highway 19
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