5623 US Hwy 19 | New Port Richey, FL 34652
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5623 US Hwy 19
New Port Richey, FL 34652
Pasco Professional Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Offered below replacement costs, Pasco Professional Center provides considerable value-add and upside potential through vacancy lease-up.
- Situated on a 1.21-acre site, 5623 US Highway 19 showcases future redevelopment possibilities in New Port Richey's high-growth corridor.
- With a surge in recent developments, the property is in an expanding trade area projected to grow by 4.1% annually within a 2-mile radius by 2029.
- Recent capital improvements include new flooring, paint, LED lighting, and mechanical upgrades for a refreshed workspace for productivity.
- Prime location with exposure to over 60,000 vehicles per day and proximity to major markets such as Tampa, Clearwater, and St. Petersburg.
PROPERTY FACTS
Property Type
Property Size
27,512 sq ft
Costar Property Class
C
Year Built
1974
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
9,171 sq ft
Floor To Floor Height
12 ft
Plot ratio
0.52
Total Plot Size
1.21 ac
Use Class
C, New Port Richey - Commercial
Parking
115 Spaces (4.18 Spaces per 1,000 sq ft Leased)
AMENITIES
- Fenced Lot
- Signage
PROPERTY TAXES
| Parcel Number | 08-26-16-0010-03200-0060 | Improvements Assessment | £789,962 |
| Land Assessment | £295,418 | Total Assessment | £1,085,380 |
PROPERTY TAXES
Parcel Number
08-26-16-0010-03200-0060
Land Assessment
£295,418
Improvements Assessment
£789,962
Total Assessment
£1,085,380
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