Remarks

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 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 is 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 MSA the 18th Largest MSA in the US.

Details

MLS#: 829678
Price: $1,950,000

Style: Office
Year Built: 1981

County: Pasco
Subdivision: Not on List
Lot Size: 313x380
Tax Fee: 11304.90