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Medical / Corporate Building 8.47% CAP 5321 Grand Blvd 4,674 SF Office Building New Port Richey, FL 34652 $1,200,000 ($256.74/SF)



Investment Highlights
- Situated on approx. 0.62 acres, 4,674 RSF free-standing medical building with excellent visibility, accessibility and prominent building signage.
- Exceptional parking ratio with approximately 32 spaces, providing about 6.8 spaces x 1,000 SF.
- Flexible floor plan with multiple private offices, examination rooms, work areas, and administrative space.
- Fully updated, new finishes, IT wiring, double-metered 400 AMPS, LED lighting, upgraded HVAC, and structured cabling for high-demand operations.
- Modern, upgraded interior, medical-ready infrastructure with room to accommodate imaging, outpatient clinics, or specialized practices.
- Strategic New Port Richey location near hospitals, medical providers, residential communities, and major transportation corridors.
Executive Summary
We are pleased to present the opportunity to acquire a modern, free-standing 4,674 RSF medical and professional office building strategically located in the growing Tampa Bay market. Originally designed as a medical facility, the property has been extensively renovated and modernized while preserving its medical infrastructure, creating an exceptional opportunity for healthcare providers, owner-users, investors, or corporate headquarters.
The building is ideally suited for a wide range of professional uses, including medical and specialty practices, outpatient surgery centers, dental and orthodontic offices, imaging and diagnostic facilities, physical therapy, behavioral health, technology companies, executive offices, and regional corporate headquarters.
The interior has been thoughtfully upgraded to provide a sophisticated, contemporary working environment featuring an impressive reception lobby, a glass-enclosed executive conference room, multiple private offices, specialized treatment suites, and several former medical exam rooms that retain existing plumbing and utility connections, significantly reducing future build-out costs. The property also includes four bathrooms, including one full bathroom with a shower and changing area, a fully renovated staff kitchen, laundry facilities, and a large flexible room currently configured as a data center that can easily be adapted for additional medical or office space.
The building's infrastructure has been substantially enhanced to support demanding medical and technology operations, including dual separately metered 200-amp electrical services, three-phase power availability, structured high-speed data cabling, and systems capable of supporting continuous 24-hour business operations. Recent capital improvements include a professionally maintained energy-efficient roofing system with reflective coating designed to reduce cooling costs, upgraded HVAC systems, LED lighting throughout the building, renovated parking facilities, and numerous cosmetic and mechanical improvements.
Situated on approximately 0.62 acres, the property offers 32 surface parking spaces, an outstanding parking ratio of nearly 6.8 spaces per-1,000 square feet, providing exceptional convenience for patients, visitors, and staff. The site also features a private employee picnic area with landscaped green space, enhancing the overall workplace environment.
The property's strategic location further enhances its value. Located just 1.5 miles from Downtown New Port Richey with immediate access to U.S. Highway 19, it offers excellent regional connectivity throughout the Tampa Bay metropolitan area. Major healthcare institutions, including Morton Plant North Bay Hospital, HCA Florida Trinity Hospital, HCA Florida Bayonet Point Hospital, the New Port Richey VA Outpatient Clinic, and Tampa General Medical Group, are all located within a short drive, making this an ideal location for medical practitioners seeking proximity to established healthcare networks.
This unique property combines medical-ready infrastructure, modern corporate finishes, exceptional parking, and a highly accessible location into a single asset rarely available in today's market. Whether acquired for owner occupancy or investment purposes, it presents a compelling opportunity to establish a premier medical or corporate presence in one of Florida's fastest-growing regions.
Easy to show by appointment only.
For additional information or to schedule a private tour, please contact:
Gustavo Farfan
Beachfront Realty – Commercial Division
786-200-8700
Please do not disturb the owner or employees.
The building is ideally suited for a wide range of professional uses, including medical and specialty practices, outpatient surgery centers, dental and orthodontic offices, imaging and diagnostic facilities, physical therapy, behavioral health, technology companies, executive offices, and regional corporate headquarters.
The interior has been thoughtfully upgraded to provide a sophisticated, contemporary working environment featuring an impressive reception lobby, a glass-enclosed executive conference room, multiple private offices, specialized treatment suites, and several former medical exam rooms that retain existing plumbing and utility connections, significantly reducing future build-out costs. The property also includes four bathrooms, including one full bathroom with a shower and changing area, a fully renovated staff kitchen, laundry facilities, and a large flexible room currently configured as a data center that can easily be adapted for additional medical or office space.
The building's infrastructure has been substantially enhanced to support demanding medical and technology operations, including dual separately metered 200-amp electrical services, three-phase power availability, structured high-speed data cabling, and systems capable of supporting continuous 24-hour business operations. Recent capital improvements include a professionally maintained energy-efficient roofing system with reflective coating designed to reduce cooling costs, upgraded HVAC systems, LED lighting throughout the building, renovated parking facilities, and numerous cosmetic and mechanical improvements.
Situated on approximately 0.62 acres, the property offers 32 surface parking spaces, an outstanding parking ratio of nearly 6.8 spaces per-1,000 square feet, providing exceptional convenience for patients, visitors, and staff. The site also features a private employee picnic area with landscaped green space, enhancing the overall workplace environment.
The property's strategic location further enhances its value. Located just 1.5 miles from Downtown New Port Richey with immediate access to U.S. Highway 19, it offers excellent regional connectivity throughout the Tampa Bay metropolitan area. Major healthcare institutions, including Morton Plant North Bay Hospital, HCA Florida Trinity Hospital, HCA Florida Bayonet Point Hospital, the New Port Richey VA Outpatient Clinic, and Tampa General Medical Group, are all located within a short drive, making this an ideal location for medical practitioners seeking proximity to established healthcare networks.
This unique property combines medical-ready infrastructure, modern corporate finishes, exceptional parking, and a highly accessible location into a single asset rarely available in today's market. Whether acquired for owner occupancy or investment purposes, it presents a compelling opportunity to establish a premier medical or corporate presence in one of Florida's fastest-growing regions.
Easy to show by appointment only.
For additional information or to schedule a private tour, please contact:
Gustavo Farfan
Beachfront Realty – Commercial Division
786-200-8700
Please do not disturb the owner or employees.
Data Room Click Here to Access
- Market Information
- Operating and Financials
- Offering Memorandum
Property Facts
Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
4,674 SF
Building Class
B
Year Built/Renovated
1976/1985
Price
$1,200,000
Price Per SF
$256.74
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,674 SF
Building FAR
0.17
Lot Size
0.62 AC
Zoning
O - Use 1900C; Zoning 0000 -Medical Building/ Medical Office / Corporate Building
Parking
32 Spaces (6.85 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
- Shower Facilities
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Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-26-16-0230-00000-0270 | Improvements Assessment | $330,523 |
| Land Assessment | $72,306 | Total Assessment | $402,829 |
Property Taxes
Parcel Number
08-26-16-0230-00000-0270
Land Assessment
$72,306
Improvements Assessment
$330,523
Total Assessment
$402,829
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