3545, 3561-3621 US Highway 19 FOR SALE


New Port Richey, FL
$4,750,000 USD
813-765-4479
, New Port Richey, FL for Sale
$4,750,000 USD
FOR SALE
1/2
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3545, 3561-3621 US Highway 19
New Port Richey, FL


HIGHLIGHTS

  • Redevelopment and/or Re-Tenanting Opportunity
  • 43,448 SF building suitable for renovating and re-tenanting
  • Upside Potential in Under-Utilized Outparcels
  • Current Cash Flow - $308,000 In-Place NOI
  • Short Term Leases with Existing Tenants
  • High Visibility on US Highway 19 (70,000 AADT). Easy Access with Corner Location at Signalized Intersection

OVERVIEW

The offering includes three (3) parcels. The largest is a 4.48 AC parcel with over 334' of frontage on US Highway 19 and improved with a 43,448 SF building that is 100% leased to two tenants - For The Floor (floor covering retailer) and Pall Corporation (space is being used as a warehouse for storage of boxes). The other two parcels include an adjacent 0.58-acre parcel also fronting on US Highway 19 (179') and a 0.34-acre parcel. Other income-generating uses on the parcels include a drive-up coffee shop and seasonal fireworks sales. The property is located at the northwest quadrant of US Highway 19 and Moog Road, a signalized intersection. This quadrant includes the Universal Mall, a 90,500 SF retail center that the subject parcels are located in front of. Two other separately owned parcels with a CVS drug store and a local pharmacy complete the quadrant.

ASK ABOUT THIS PROPERTY

Mark ShellabargerLQ Commercial Real Estate ServicesMore Info
813-765-4479

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Mark ShellabargerLQ Commercial Real Estate ServicesMore Info
813-765-4479

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