407-841-8000
, New Port Richey, FL for Sale
Land - FOR SALE
1/3

New Port Richey Downtown
New Port Richey, FL
Town of New Port Richey


HIGHLIGHTS

  • Multiple city-owned parcels available, including riverfront sites and commercial frontage along US 19.
  • Development potential for up to 350 multifamily units with integrated retail and commercial uses.
  • Strong market fundamentals with 250,000+ residents within 30 minutes and 63,000 AADT on US 19.
  • Incentives include CRA benefits, $1.6M DEP grant, and existing structured parking with 154 slots.
  • Historic downtown charm combined with modern infrastructure and a growing cultural scene.

OVERVIEW

The City of New Port Richey invites visionary developers to participate in the transformation of the Rivergate Palm District, a gateway to the city’s historic downtown and a vibrant hub along the Cotee River. This redevelopment initiative offers a rare opportunity to shape a dynamic mixed-use environment that blends residential, retail, and commercial uses within a thriving Community Redevelopment Area (CRA). Strategically located along U.S. Highway 19, with a traffic count of 63,000 AADT, the district benefits from exceptional visibility and connectivity. The area is supported by strong demographics, with over 250,000 residents within a 30-minute drive and an annual population growth rate of 1.88%. Recent investments, including the Keiser University campus and Comfort Inn, underscore the city’s commitment to growth and revitalization. The vision for Rivergate Palm District emphasizes walkable urban design, higher-density housing, and modern architectural treatments that complement the historic downtown. Up to 350 multifamily units are envisioned, supported by retail and commercial synergy. City-owned assets include six parcels, two with river frontage, and a structured parking garage with 154 available slots. Incentives such as CRA benefits and a $1.6 million DEP grant for infrastructure improvements further enhance the development potential. Anchored by major healthcare, education, and government institutions, New Port Richey offers a stable economic base and a growing demand for housing and services. This project represents an unparalleled opportunity to create a vibrant, connected district that elevates the city’s quality of life and economic vitality.

ASK ABOUT THIS PROPERTY

Margery JohnsonCushman & Wakefield of Florida, Inc.More Info
407-841-8000

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Margery JohnsonCushman & Wakefield of Florida, Inc.More Info
407-841-8000

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