Center Plaza for Sale
4106 US Highway 19, New Port Richey, Florida 34652
Sold: $1,400,000
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
Property Description
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.
Location
Contact
Heidi Tuttle-Beisner, CCIM
Commercial Asset Partners Realty
Office: (727) 376-4900
[email protected]