$1011.28 Per Sq Foot $27,915 est/mo Sourced by Back At You

5330-5325 Treadway Dr,PORT RICHEY, FL 34668

PORT RICHEY FL, 34668

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Description

Major high-return investment.. Famous Seaside Restaurant and Waterfront Lands Central Florida West Coast, Gulf of Mexico, Tampa MSA area Port Richey FL property is Pasco county's only Sea side Port.. UPSIDE RETURNS High vacancy with Major upside potential..Pro Forma 9.45% ROI returns @ $453,600 yearly rent roll increasing, additional appreciation value 11% year over year, Total 20.45% return potential. Current Passive tenant income $80,000 yearly Short-restaurant lease, Wet slip docking, event parking, increasing rents. The property consists of 3 separate parcels, 6 lots total, all uplands usable buildable, 1.51AC, 200’ Waterfront Commercial frontage Offering Prime Waterfront Real Estate Restaurant, former B & B Hotel, Marina wet slip charter docking, additional development land, event parking lots. Cotee River. All Pasco county C2 COMMERCIAL Rights by zoning, Development land coverage FAR 75% (floor area ratio allowable building base floor), 200’ Commercial Waterfront wet slip docking, develop High and Dry Commercial Marina, historic Seaside Bar on River, hotel and additional land for development. redevelopment Waterfront district area, boardwalk, and waterway Dredging project plus 6 million in renovations in process, lighting, streets, signage, sidewalks, Golf cart paths, and more. Can provide all documents regarding the site all clear Phase 1 environmental studies, and boundary surveys. Famous Johnny Cash singer frequented the Seaside Bar often Pasco ID# 32-25-16-0260-00000-0020 (Restaurant .28 AC) ID# 32-25-16-0260-00000-0010 (Hotel .79 AC) ID# 32-25-16-0260-00000-0080 ( Lots .44 AC) Total site 1.51AC (65,775 SF) C2 Commercial Zoned

Details

MLS#T3480009
Listing TypeFor Sale
StyleMixed Use
Sub-TypeFor-sale
StatusActive
Year1959
Days On Site278
Listing Provided ByLPT REALTY | Shawn Mcnair
Buying Commision2%

Features

SQ Feet3,965
Story(s)2
ZoningC2
Acreage1.51
Water FrontYes

Market Activity 34668

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of July 21, 2024 at 8:27:48 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyPasco
CityPORT RICHEY
Zip Code34668
Area34668 Port Richey
Community NameHARBOR VILLAS
Listing VS Median (in HARBOR VILLAS)
Price:
$5,200,000
low | high
Med:
$5,200,000
50% of Average
SqFt:
3,965
low | high
Med:
3,965
50% of Average
$ / SqFt:
$1,311
low | high
Med:
$1,311
50% of Average
On Site:
278
low | high
Med:
278.000000
100% of Average
Sourced by Back At You
Listing Updated: July 19, 2024 at 3:18:20 PM PDT