Active
6201 RIDGE RD
$975,000
Features:
Property Details
Remarks
Prime investment opportunity to acquire a fully occupied commercial plaza in Pasco County, Florida. The property consists of six units, with one established tenant occupying three units and expressing interest in expanding into additional space. This asset requires no immediate capital improvements, featuring a new shingle roof (2025), HVAC systems all under three years old, and a recently resurfaced parking lot (completed two months ago). Current effective NOI is $65,000, with below-market rents in place, presenting a strong value-add opportunity for increased revenue.
Financial Considerations
Price:
$975,000
HOA Fee:
N/A
Tax Amount:
$6430.21
Price per SqFt:
$204.15
Tax Legal Description:
PORT RICHEY ACRES UNIT FOUR PB 9 PG 19 LOT 20 EXC FOLL DESC POR COM AT WEST COR OF LOT 20 TH N63DG 46' 10"E ALG NLY BDY LINE OF LOT 20 49.91 FT TO POB TH CONT N63DG 46' 10"E ALG NLY BDY LINE 270.44 FT TH S00DG 22' 35"W 121.12 FT TO POINT ON NLY R/W L INE OF RIDGE ROAD WHICH LIES 25.00 FT NORTH OF & PARALLEL TO PLATTED NLY R/W LINE TH N89DG 37' 35"W ALG NLY R/W LINE 241.80 FT TO POB & EXC EAST 265.93 FT OF LOT 20 & EXC SOUTH 25.00 FT FOR RIDGE RD R/W & EXC COM AT SW COR OF NW1/4 TH S89DG 42' 37"E 1053.08 FT TH N00DG 17' 23"E 50.00 FT FOR POB TH N00DG 17' 23"E 5.00 FT TH S89DG 42' 37"E 135.38 FT TH S00DG 17' 23"W 5.00 FT TH N89DG 42' 37"W 135.38 FT TO POB SUBJECT TO EASEMENT ACROSS EAST 15.00 FT & NORTH 15.00 FT OR 9785 PG 1452
Exterior Features
Lot Size:
20199
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air, Mini-Split Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
1981
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
- Address6201 RIDGE RD
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