5354 Gulf DrNew Port Richey, FL 34652

Property Details for 5354 Gulf Dr

Year built

1960

Lot size

0.27 AC

Property size (Sq ft)

2,782 SF

Zone code

0OFC

Property type

Medical offices

Property subtype

Medical centers

APN

08-26-16-0110-00000-0320

APU

826160110000000320

Description

This single-tenant, free-standing office building in New Port Richey, Florida, offers 2,782 square feet of versatile space, ideal for medical or executive office use. Located at 5354 Gulf Dr, New Port Richey, FL 34652, this Class B building, constructed in 1960, sits on a 0.27-acre lot and features a Spanish-style roof and stucco exterior. The property boasts twelve surface parking spaces, providing ample parking for staff and clients. The interior includes a spacious reception area, open lab space, eight private rooms, a breakroom, and two ADA-compliant bathrooms (one with a shower). Multiple storage rooms are also available. High-quality finishes include medical-grade cabinetry, tiled flooring, fluorescent lighting, and multiple windows. Two private entrances enhance convenience and accessibility. The building benefits from excellent visibility, situated on the corner of Gulf Drive and Charles Street, with over 200 feet of aggregate frontage and multiple points of ingress and egress. Its central location in Downtown New Port Richey offers easy access to US Hwy 19 and Main Street, with an average drive time of just three minutes. Building and monument signage opportunities are available. The property's APN is 08-26-16-0110-00000-0320 and is zoned for office use. The building is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $576,974

  6.5%

  $532,591

  7%

  $494,549

• Comparable approach

  Method

  Valuation

  Relative Method

  $306,799

  Geo Method

  $306,799

• Alternative Use

  Use

  Valuation

  Residential

  $660,413

  Hospitality

  $604,935

  Educational

  $503,299

  Medical

  $520,608

  Retail

  $782,909

Location Insight

City

New Port Richey

County

Pasco

State

Florida

Latitude

28.2387

Longitude

-82.7253

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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