For Sale
$3,935,000

4740 Us-19New Port Richey, FL 34652

12-Tenant Shopping Center, 80% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 33,515-square-foot shopping center in New Port Richey, Florida. Located at 4740 US-19, this single-story, 1985-built property sits on a 4.82-acre lot and boasts 12 tenants, achieving an 80% occupancy rate. The center enjoys a highly visible position along US Highway 19 N, a major retail corridor with an impressive 65,500 average annual daily traffic (AADT). Its prime location within a thriving, densely populated area provides excellent access and visibility. The surrounding 5-mile radius encompasses over 160,000 residents, boasting an average household income exceeding $69,000. The property features one full access point, one right-in/right-out/left-in, and two right-in/right-out access points along US Highway 19 N. Convenient access is also provided via the lighted intersection of US Highway 19 N and Floramar Terrace. Cross-access is established with the Pinellas County Tax Collector's office, offering two additional full access points along Shamrock Drive. This well-positioned shopping center offers a compelling investment opportunity in a mature and desirable market. The asking price is $3,935,000.

Highlights

  • 80% occupied shopping center on ~4.82 acres fronting US Hwy 19 N (65,500 AADT) in New Port Richey, FL.
  • Located in affluent submarket with over 160,000 residents within 5 miles, average household income exceeding $69,000.
  • Excellent visibility and access from US Hwy 19 N (65,500 AADT), including multiple access points.
  • Access to lighted intersection of US Hwy 19 N & Floramar Ter, plus cross-access with Pinellas County Tax Collector providing additional access points.

Property Details for 4740 Us-19

Property type
Lifestyle centers, Power centers
Square Feet
33,515 SF
Year Built
1985
Buildings
1
Stories
1
Lot Size (sq. ft)
209,959 SF

Location Insight

City
New Port Richey
County
Pasco
State
Florida
Latitude
28.228501666316
Longitude
-82.730651136573
4740 Us-19, New Port Richey, Florida

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4740 Us-19
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