Income-Producing Mixed-Use Property — 8% Cap Rate Rare investment opportunity on high-traffic US Highway 19 in New Port Richey! This well-located 1,430 SF commercial building features multiple permitted uses and includes five residential units totaling 1,764 SF — all leased on solid 12-month rental agreements. The property offers excellent cash flow with an 8% cap rate, strong long-term tenants, and outstanding visibility for future retail or office possibilities. Office building is currently vacant.
Financial Considerations
Price:
$649,999
HOA Fee:
N/A
Tax Amount:
$1028
Price per SqFt:
$203.51
Tax Legal Description:
NEW PORT RICHEY ESTATES PB 3 PG 79 LOTS 27-30 INCL BLOCK C OR 9621 PG 1139