5207 Marine PkwyNew Port Richey, FL 34652

Property Details for 5207 Marine Pkwy

Year built

1959

Lot size

0.15 AC

Property size (Sq ft)

792 SF

Zone code

000C

Property type

Office buildings

APN

08-26-16-0070-00000-1750

APU

826160070000001750

Description

This standalone office building in New Port Richey, Florida, presents a compelling investment opportunity. Priced at $170,000, this 936 square foot Class C building sits on a 0.15-acre lot with Highway Commercial zoning. Built in 1959, the single-story structure boasts a newer HVAC unit and roof, offering immediate cost savings. The property includes 10 parking spaces, comprised of nine striped spots, one carport spot, and additional yard parking. The building itself features three private offices, a lobby, reception area, one bathroom, and an unfinished storage room. Adding to its appeal is a 528 square foot carport, a 120 square foot storage shed, and a fenced yard with a planted garden. Located on a high-traffic street near the US19 & Marine Parkway intersection, this property is ideally suited for a variety of office and professional service businesses seeking visibility and accessibility within the US19 corridor. The property's APN is 08-26-16-0070-00000-1750. This is a rare opportunity to acquire a well-maintained, versatile office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $164,257

  6.5%

  $151,622

  7%

  $140,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,342

  Geo Method

  $87,342

• Alternative Use

  Use

  Valuation

  Residential

  $188,011

  Hospitality

  $172,217

  Educational

  $143,283

  Medical

  $148,210

  Retail

  $222,884

Location Insight

City

New Port Richey

County

Pasco

State

Florida

Latitude

28.2325

Longitude

-82.7283

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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