The Pasco Hub Near Downtown New Port Richey 13,310 SF 100% Leased Office Building New Port Richey, FL 34652 $1,390,000 ($104.43/SF)

13,310 SF Opportunity Zone Office Building | Owner Financing Available
*
The vacant condition allows a buyer to fully customize the interior layout to maximize income potential. With strategic renovation and repositioning, the property has the potential to achieve $40+ per square foot in lease rates, resulting in projected net annual income exceeding $365,000. Contact the seller for additional details on the repositioning strategy.
*
The property consists of two parcels, including a dedicated parking lot with a total of 48 parking spaces.
*
The site is positioned on a high-visibility intersection in an area experiencing major revitalization, including:
A new 8-acre mixed-use development directly across the street (see last photo)
A 357-home residential development located three blocks away
Recent city improvements, including new roadways, pedestrian-friendly sidewalks, antique-style street lighting, and landscaping
*
The property may also offer potential for mixed-use or residential conversion, subject to zoning and approvals. In addition, CRA incentive programs may be available for reimbursement of redevelopment costs.
*
The seller is also working with the city regarding possible acquisition of additional adjacent land.
*
Seller Financing Available -Flexible terms with below-market interest rates, minimal down payment, and interest-only payment options available for qualified buyers.
*
Seller will review offers as received.