For Sale

Two-Story Office Investment

5510 River Rd , New Port Richey, FL 34652

Property Stats

GSF9,800
TypeOffice
Sub-typeOffice Building
Use TypeInvestment
Lot Size1/2 acre corner lot
MSATampa-St. Petersburg-Clearwater
Year Built1974

Property Details

Property Description

Ideal investment opportunity in a 9,800-SF two-story, multi-use commercial building. Flexible floor plan offering up to 41 individual office spaces. Situated on almost 1/2 acre corner lot in busy location one block from US HWY 19 and close to Tampa. Offered for a very low $46/SF. Estimated 10% CAP rate, potential 14% CAP rate with full occupancy and much higher potential with renovations. Owner financing available.

Highlights

  • Two-story multi-use office building
  • Prominent monument signage
  • Est. 10% CAP; Potential 14% CAP rate
  • Investment opportunity
  • Excellent visibility and access

Property Map

Additional Info

  • Number of Floors: 2
  • Under Construction: No
  • Building Class: Not specified
  • RSF: 9,800
  • USF: 9,800
  • Acres: 0.43

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.