6430 Madison StNew Port Richey, FL 34652

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 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.

• 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

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

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