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Former Red Lobster 8909 US Highway 19 7,881 SF Retail Building Port Richey, FL 34668 For Sale
Investment Highlights
- STRONG RETAIL CORRIDOR – Located near various amenities, such as hospitals, schools, shopping centers, enhancing its desirability.
- HIGH TRAFFIC COUNT – Strategically positioned on US Highway 19, this area benefits from the high traffic flow, with over ±55,000 vehicles passing by.
- 2ND GEN RESTAURANT SPACE – Prime opportunity for any owner/operator to take over a restaurant with an existing hood and grease trap.
- DEVELOPMENT OPPORTUNITY – This property sits on a ±1.84 AC lot, primed for either a new tenant or a complete ground up.
- HIGH GROWTH TRADE AREA – Home to over ±138,435 residents within a 5-mile radius, boasting an impressive average household income exceeding $70,071.
Executive Summary
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,881 SF
Building Class
C
Year Built
1994
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.84 AC
Zoning
C3 - General Commercial
Parking
111 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
339’ on US Highway 19
Amenities
- Signage
- Wheelchair Accessible
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28-25-16-0080-00200-0010 | Improvements Assessment | $862,146 |
| Land Assessment | $456,454 | Total Assessment | $1,318,600 |
Property Taxes
Parcel Number
28-25-16-0080-00200-0010
Land Assessment
$456,454
Improvements Assessment
$862,146
Total Assessment
$1,318,600
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Former Red Lobster | 8909 US Highway 19
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