6430 Madison StNew Port Richey, FL 34652

  • Office properties
  • 3,372 SF
For Sale
$785,000 View listing

Property Details for 6430 Madison St

Year built
1975
Lot size
0.23 AC
Property size (Sq ft)
3,372 SF
Zone code
0PMF
Property type
Office properties
Property subtype
Office buildings
APN
04-26-16-0030-05600-0170
APU
426160030056000170

Description

This exceptional 3,300 square foot mixed-use building at 6430 Madison St, New Port Richey, FL 34652, presents a unique investment opportunity. Built in 1975 on a 0.23-acre lot, the property offers versatile space ideal for creative, executive, or medical offices. Currently configured with five dental chairs and existing plumbing, it's move-in ready for a dental practice, or easily adaptable for other medical uses. Its proximity to a hospital further enhances its appeal. The building features three distinct exit doors, ample parking for 30 vehicles, and three bathrooms. A large open space and several distinct rooms provide flexibility for various layouts. The property's location at a busy intersection ensures high visibility and accessibility. While previously used commercially, the property also holds significant potential for residential conversion. The attached floor plan provides detailed layout information. Asking price: $785,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $699,337
    6.5%
    $645,542
    7%
    $599,432
  • Comparable approach

    Method
    Valuation
    Relative Method
    $371,864
    Geo Method
    $371,864
  • Alternative Use

    Use
    Valuation
    Residential
    $800,472
    Hospitality
    $733,228
    Educational
    $610,037
    Medical
    $631,017
    Retail
    $948,947
6430 Madison St, New Port Richey, Florida

Location Insight

City
New Port Richey
County
Pasco
State
Florida
Latitude
28.252
Longitude
-82.7152
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,630
$31,900
$202,277
$234,177
-
$31,900
$202,277
$234,177

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