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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.

Property Facts

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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  • Listing ID: 33414169

  • Date on Market: 2024-10-04

  • Last Updated:

  • Address: 3545, 3561-3621 US Highway 19, New Port Richey, FL

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