3830 Grand Blvd 1,348 SF Flex Building New Port Richey, FL 34652 $700,000 ($519.29/SF) 8.14% Cap Rate

Positioned within the Northwest Tampa logistics corridor, this industrial outdoor storage (IOS) property offers a compelling opportunity for both investors and owner-users. The asset provides immediate cash flow through existing tenancy while offering future flexibility for occupancy or repositioning. Investors can capitalize on below-market rental rates and pursue income growth through targeted capital improvements. Owner-users benefit from a functional fenced yard and office component in a rapidly expanding Pasco County commercial corridor, with existing tenants helping offset carrying costs until occupancy is desired.
The property features a well-maintained office building with recent capital improvements, including a new roof, HVAC system, water well, and windows. A private well and septic system support operational efficiency, while the fenced rear yard accommodates outdoor storage, equipment laydown, contractor operations, and other industrial uses. Direct access to SR 54 and US Highway 19 provides convenient connectivity throughout the Tampa Bay region, including Tampa, Lakeland, and Orlando. The surrounding area is supported by a substantial business base and a strong residential population, with numerous national and regional companies contributing to continued commercial activity and tenant demand.