8821 Ridge RdNew Port Richey, FL 34654

Property Details for 8821 Ridge Rd

Year built

1971

Lot size

0.30 AC

Property size (Sq ft)

1,440 SF

Zone code

00C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

26-25-16-0020-00600-0430

APU

2625160020006000430

Description

This exceptional mixed-use property, located at 8821 Ridge Rd in New Port Richey, Florida, presents a unique investment opportunity. The 1,440 square foot building sits on a 0.67-acre lot and boasts 245 feet of highway frontage on Ridge Road, offering unparalleled visibility and accessibility. Currently operating as an auto sales business, this property is ideally suited for redevelopment given its strategic location and C2/R1MH zoning. The single-story building provides ample space for a variety of uses, making it an attractive option for owner-occupiers or investors seeking a high-return asset. The asking price is $899,000, translating to $624.31 per square foot. The property includes two APNs: 26-25-16-0020-00600-0430 and 26-25-16-0020-00600-0450. Its prime location in Pasco County, Florida, zip code 34654, offers easy access to major transportation routes and a thriving local market. An additional parcel is available; inquire for details. This is a rare chance to acquire a versatile property with significant redevelopment potential in a high-traffic area. The property's size and zoning provide flexibility for a wide range of commercial and residential uses.

• CAP approach

  CAP return

  Valuation

  6%

  $298,649

  6.5%

  $275,676

  7%

  $255,985

• Comparable approach

  Method

  Valuation

  Relative Method

  $158,803

  Geo Method

  $158,803

• Alternative Use

  Use

  Valuation

  Residential

  $341,839

  Hospitality

  $313,122

  Educational

  $260,514

  Medical

  $269,474

  Retail

  $405,244

Location Insight

City

New Port Richey

County

Pasco

State

Florida

Latitude

28.281

Longitude

-82.6689

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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