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Philip & Perrine Dowling

perrine@dowlingteam.com +1(239) 537-3332

$900,000

Est. payment - /mo

4,776 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 4,776 sqft

Price per Sqft $188

Subdivision Port Richey Acres

MLS Listing ID TB8503651

Construction Status Completed

HOA Y/N No

Year Built 1981

Annual Tax Amount $6,430

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Retail

Source Stellar MLS

Property Description

Prime investment opportunity to acquire a 95% occupied commercial plaza in Pasco County, Florida. The property consists of six units, with stable in-place income. This asset requires no immediate capital improvements, 7.65% Cap rate, a new shingle roof (2025), HVAC systems all under three years old, and a recently resurfaced parking lot (completed 2/2026). Current effective NOI is $65,000, Pro Forma NOI $71,000. Potential Income improvements by 2/2027. Only 570 sf unoccupied of total 4777sf available.

Location

State FL

County Pasco

Community Port Richey Acres

Area 34668 - Port Richey

Zoning C2

Interior

Cooling Central Air, Mini-Split Unit(s)

Exterior

Utilities Available BB/HS Internet Capable, Electricity Available, Phone Available, Public

View Y/N No

Water Access No

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Structure Type Block,Stucco

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8503651

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Listed by Ken Mullen, JR THE ELITE REALTY EXPERIENCE

6201 RIDGE RD Port Richey, FL 34668