HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
1,792 SqFt
1,792 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $220
Subdivision New Port Richey City
MLS Listing ID TB8540125
HOA Y/N No
Year Built 1962
Annual Tax Amount $318
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Office
Source Stellar MLS
Property Description
The property was fully renovated in 2026 and is currently vacant, delivered as a vanilla shell ready for immediate owner-occupant build-out or NNN lease-up. No existing tenants. Available for immediate occupancy. Constructed of concrete block with stucco exterior and central HVAC, it sits on a 6,534 SF lot with on-site paved parking. It lies within the New Port Richey Community Redevelopment Area (CRA 2002), benefiting from ongoing public investment in infrastructure and corridor improvements.
Pasco County's office submarket currently operates at approximately 4.9% vacancy with average asking rents near $27/SF, reflecting landlord-favorable conditions. Stabilized NNN rents in the $22–$26/SF range are supported by medical-adjacent comps and broader submarket data, positioning the asset for strong cash-flow potential or a high-yield investment exit. At the offered price of $395,000 (~$220/SF), the property is priced attractively relative to replacement cost and the hospital-adjacent premium, appealing to both medical/professional owner-occupants and private investors.
Ideal for healthcare practitioners (primary care, physical therapy, behavioral health, specialty clinics), medical billing or ancillary services, professional offices (legal, accounting, insurance, financial services), or as a 1031 exchange or NNN investment vehicle. The combination of hospital adjacency, recent full renovation, on-site parking, CRA location, and constrained supply of comparable medical-corridor sites creates a compelling ownership opportunity in a growing West Pasco market.
Location
State FL
County Pasco
Community New Port Richey City
Area 34653 - New Port Richey
Zoning O
Interior
Cooling Central Air
Exterior
View Y/N No
Water Access No
Building
Story 1
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Block
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8540125
NEARBY SCHOOLS & PROPERTIES
"People Before Property"
Assisting buyers and sellers in achieving their goals is literally what I love to do!