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NNN Investment Medical Office 5939 Virginia 2,952 SF 100% Leased Office Building New Port Richey, FL 34652 $779,000 ($263.89/SF) 7.31% Cap Rate

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Investment Highlights

  • The existing medical office layout is ready to serve a range of healthcare needs. The two suites can remain separate or effortlessly be combined
  • Prominent pylon sign ensuring maximum visibility and exposure for your business.
  • Ample parking with 14 dedicated spaces for both tenants and clients!
  • Generous 1/3 acre lot providing plenty of outdoor space.

Executive Summary

Introducing a remarkable opportunity situated directly opposite the esteemed Morton Plant North Bay Hospital in New Port Richey. This opportunity consists of a 2,952sf building, which has 1 tenant renting both Suite 101 & 102 at $19.00/sf NNN. This spacious 1/3 acre lot, offering an abundance of versatile space and unparalleled convenience. Positioned adjacent to a thriving law firm and a mere half mile away from the bustling Main Street in Downtown New Port Richey, this property boasts a strategic and highly sought-after location that combines accessibility with prestige.
Upon arrival, you'll find ample parking with dedicated spaces for up to 14 vehicles, ensuring easy access for both tenants and clients. A prominent pylon sign stands tall, providing exceptional visibility and exposure to attract maximum attention to your business!
This property's potential is limitless, with complete flexibility in the front office building, and with the existing medical office layout perfectly poised to cater to an array of healthcare needs. The two suites can continue to operate independently or effortlessly merge to meet your specific requirements. Investors seeking an income-generating asset and owner/users looking to establish a foothold in this thriving locale will find this property a compelling proposition.
Set against a backdrop of meticulously manicured landscaping, the property exudes professionalism and creates an inviting atmosphere for clients and visitors. Beyond the building, a spacious outdoor deck offers an ideal setting for employee picnics, outdoor gatherings, or simply enjoying a breath of fresh air in between tasks.
With an asking price of $779,000, this exceptional medical/office building presents an enticing opportunity to secure a prime location in a dynamic community. Whether you're aiming to expand your enterprise, make a sound investment, or set up shop in an area poised for growth, don't miss your chance to be part of the future of New Port Richey. Contact us now to arrange a viewing and take the first step toward seizing this extraordinary offering.

Attachments

Virginia Ave pdf

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,952 SF
Building Class
C
Year Built/Renovated
1992/2006
Price
$779,000
Price Per SF
$263.89
Cap Rate
7.31%
NOI
$56,945
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,952 SF
Building FAR
0.86
Lot Size
0.08 AC
Zoning
O - Office

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Reflected Wellness
  • Health Care and Social Assistance
  • 2,952 SF
  • $19.00
  • May 2028
Tenant Industry SF Occupied Rent/SF Lease End
Reflected Wellness Health Care and Social Assistance 2,952 SF $19.00 May 2028
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
05-26-16-0070-00000-00C0
Land Assessment
$35,849
Improvements Assessment
$421,739
Total Assessment
$457,588
  • Listing ID: 29321238

  • Date on Market: 8/20/2023

  • Last Updated:

  • Address: 5939 Virginia, New Port Richey, FL 34652

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