About this property
19,200 sf neighborhood center situated on 2.54 acres on US Hwy 19, just north of SR 54 in New Port Richey. Center has been extensively renovated in the last year (including roof, facade, and parking lot). Currently 70% occupied with value add opportunity to lease 7 remaining vacant units. Existing NOI of $100,000 with potential for an additional $60,000+ (at 9% CAP rate). Units are 800 sf each with dimensions of 20' x 40'. Most of the existing tenants have a long occupancy history with the property. Center has 180 ft of frontage on US Hwy 19 with traffic counts in excess of 65,000 cars per day. Unique opportunity to buy a quality local center with strong upside potential.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 19,200 sqft
- Land Size
- 2.54 acres
- Zoning
- C-2
- Year Built
- 1974
- Traffic Count
- 65,000 CPD
Documents 2 files
Last updated: Sep 30, 2026
Location
- Address
-
4106 US Highway 19
New Port Richey, Florida 34652