10537 State Road 54 - Medical FOR SALE


New Port Richey, FL 34655
$3,900,000 USD
727-488-5421
10537 State Road 54, New Port Richey, FL for Sale
$3,900,000 USD
Medical - FOR SALE
1/18
null | Request Cap Rate

10537 State Road 54
New Port Richey, FL 34655


HIGHLIGHTS

  • 9,418 SF Medical Office Building built in 2008 and professionally designed across three units
  • 100% Leased to established tenants, including the largest pediatric group in the county
  • Attractive Rent Escalations with 5% annual increases built into all tenant leases
  • Zoned 00C2 – flexible commercial zoning supporting a range of professional and medical use
  • Turnkey Investment Opportunity offering stable cash flow and minimal management responsibilities

OVERVIEW

Situated along the high-traffic corridor of State Road 54 in Trinity, Florida, this turnkey medical office property offers investors a rare blend of stability, growth, and strategic location. Purpose-built in 2008, the building spans 9,418 square feet and is demised into three modern units—each occupied by well-established tenants, including the area’s largest pediatric group. All leases feature structured rent escalations that enhance income predictability and hedge against inflation. The property benefits from a flexible 00C2 zoning designation, supporting a broad spectrum of professional and medical uses. With over 56,000 vehicles passing daily and major hospitals like HCA Florida Trinity Hospital just minutes away, the site is ideally positioned to attract and retain quality tenants in the healthcare and professional services sectors. The surrounding community is marked by strong demographics—within a five-mile radius, the average household income exceeds $100,000 and the average home value is nearly $400,000. The building is flanked by national retailers, banking institutions, and affluent residential neighborhoods, offering convenience to both tenants and their clientele. Designed with long-term performance in mind, this asset requires minimal management while delivering a robust 7.2% cap rate. For investors seeking a fully leased, income-producing property in one of Pasco County’s most desirable submarkets, this offering represents both security and upside.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$414 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Medical Office Invest Property

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,732 SF

ZONING

C2

APN/PARCEL ID

30-26-17-0000-00400-0050

ASK ABOUT THIS PROPERTY

Kim LohrySaunders Real EstateMore Info
727-488-5421

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Kim LohrySaunders Real EstateMore Info
727-488-5421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.