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6703 Massachusetts Ave
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6703 Massachusetts Ave
3,844 SF Vacant Flex Building New Port Richey, FL 34653 £309,369 (£80/SF) 9.36% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Investment property.
- High traffic area.
- High visibility.
- Corner location.
- Easy access.
EXECUTIVE SUMMARY
Rare opportunity to purchase a free-standing commercial investment property in New Port
Richey, FL. The building is approximately 3,844 SF with two tenants occupying 55% of the building
leaving room for other tenants or an investor/user for the remaining 1,724 SF. High visibility on
Massachusetts Ave. with excellent signage and parking. Don't miss this opportunity!!!
Richey, FL. The building is approximately 3,844 SF with two tenants occupying 55% of the building
leaving room for other tenants or an investor/user for the remaining 1,724 SF. High visibility on
Massachusetts Ave. with excellent signage and parking. Don't miss this opportunity!!!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
£42,799
![]() |
£11.13
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
£42,799
![]() |
£11.13
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
£13,855
![]() |
£3.60
![]() |
Net Operating Income |
£28,945
![]() |
£7.53
![]() |
FINANCIAL SUMMARY (PRO FORMA - 2024)
Gross Rental Income | |
---|---|
Annual | £42,799 |
Annual Per SF | £11.13 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £42,799 |
Annual Per SF | £11.13 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £13,855 |
Annual Per SF | £3.60 |
Net Operating Income | |
---|---|
Annual | £28,945 |
Annual Per SF | £7.53 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Route
- Signage
UTILITIES
- Water
- Sewer
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PROPERTY TAXES
Parcel Number | 33-25-16-0010-00000-0250 | Improvements Assessment | £175,826 |
Land Assessment | £46,148 | Total Assessment | £221,975 |
PROPERTY TAXES
Parcel Number
33-25-16-0010-00000-0250
Land Assessment
£46,148
Improvements Assessment
£175,826
Total Assessment
£221,975
ZONING
Zoning Code | C2 (General Commercial in Pasco County) |
C2 (General Commercial in Pasco County) |
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6703 Massachusetts Ave
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