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5623 US Hwy 19
New Port Richey, FL 34652

Pasco Professional Center · Office Property For Sale

Investment Highlights

  • Three Story Retail/Executive Office Building Located in New Port Richey
  • Significant Recent Capital Improvements
  • Considerable Upside Provided through Vacancy Lease-Up | Currently Only 15.96% Occupied
  • Constructed in 1974 | 30,000 SF
  • Situated on Large 1.21 Acre Site | Offers Future Redevelopment Potential
  • Price Well Below Replacement Cost ($82/SF)

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
27,510 SF
Building Class
C
Year Built
1974
Price
£1,608,983
Price Per SF
£58
Net Initial Yield
12.67%
NOI
£203,876
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
9,170 SF
Slab to Slab
12 ft
Building FAR
0.52
Lot Size
1.21 AC
Zoning
C, New Port Richey - Commercial
Parking
115 Spaces (4.18 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Signage

Links

PROPERTY TAXES

Parcel Number 08-26-16-0010-03200-0060 Improvements Assessment £954,918
Land Assessment £318,949 Total Assessment £1,273,867

PROPERTY TAXES

Parcel Number
08-26-16-0010-03200-0060
Land Assessment
£318,949
Improvements Assessment
£954,918
Total Assessment
£1,273,867
 

  • Listing ID: 30691907

  • Date on Market: 09/02/2023

  • Last Updated:

  • Address: 5623 US Hwy 19, New Port Richey, FL 34652

The Office Property at 5623 US Hwy 19, New Port Richey, FL 34652 is currently available for sale. Contact Marcus & Millichap for more information.

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

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5623 US Hwy 19, New Port Richey, FL for sale Building Photo- Image 1 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Building Photo- Image 2 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 3 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 4 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 5 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 6 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 7 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 8 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 9 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 10 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 11 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 12 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Interior Photo- Image 13 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Building Photo- Image 14 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Aerial- Image 15 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL
5623 US Hwy 19, New Port Richey, FL for sale Aerial- Image 16 of 17
Pasco Professional Center at 5623 US Highway 19 in New Port Richey, FL

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