Investment-Multi-Tenant Office Building

  SOLD June 2024 for $3,450,000

10220 US Highway 19, Port Richey, Florida 34668


Documents
Building Size39,024 Square Feet
Land Size3.97 Acres
ZoningC2
Year Built1992

Commercial Asset Partners Realty is pleased to present this Office Building Investment Opportunity. The building was constructed in 1992 and is distinctly recognizable as the first building of its kind in the market. With an exterior comprised of glass and poured concrete, the 4-story structure was built as a high-end corporate bank headquarters. Since that time, it has been well maintained and completely re-tenanted. There are elevators, parking and building entrances in both the front and rear of the building. The property provides ample parking, including some that is covered. There is only one unit currently available in the building which is the former bank branch that closed in 2022. It is 5,171 sq. ft on the first floor with a large monument sign and the potential opportunity for building signage. The largest tenant in the building represents 20,973 sq. ft. and is under lease until 2030. There are many other long-term tenants and the opportunity to increase the net income with a few leases that will be up for renewal in the next 1-2 years. Don’t miss the chance to own this iconic building and take advantage of the upside potential.

*Please contact agent for additional information and to sign confidentiality agreement. Please do not make contact with any Tenants or visit the site without Listing Broker.

  • Stable Investment Opportunity for a 39,024 sf, 4-story US Hwy 19 office building
  • Three (3) parcels totaling 3.97 acres with flexible C2 zoning
  • Anchor tenant occupying over 50% of the building through 2030 & add value by leasing the vacant 5,171 sf
  • Located on US 19 at the traffic lit intersection of Regency Park Blvd. in Port Richey w/ traffic counts in excess of 55,000 cars per day
  • Potential for adding parking or development by removing remote drive-thru for more capacity
  • Contact Listing Broker for more information and to sign Confidentiality Agreement

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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