6405 State Road 54New Port Richey, FL 34653

Property Details for 6405 State Road 54

Year built

1998

Lot size

1.11 AC

Property size (Sq ft)

1,925 SF

Zone code

00C1

Property type

Retail properties

Property subtype

Drive through restaurants

APN

16-26-16-051A-00000-0010

APU

162616051A000000010

Description

This exceptional 47.78-acre parcel presents a unique opportunity for a mixed-use development in the thriving New Port Richey, Florida market. Located at 6405 State Rd 54, Pasco County, FL 34653 (28.216954673595293, -82.70842962346381), this property is zoned MPUD, allowing for a diverse range of commercial and residential uses. The site's expansive size offers significant potential, with approximately 16.5 acres designated for multifamily development and 36.2 acres suitable for office and retail construction. This strategic location provides excellent access to major transportation routes, ensuring high visibility and convenient access for residents and businesses alike. The property's substantial acreage allows for a large-scale project, catering to a variety of needs and creating a vibrant community hub. This is an exceptional opportunity to capitalize on the growing demand for both residential and commercial space in this dynamic area of Florida. Serious inquiries are encouraged to explore the full potential of this remarkable development site. The property is ready for immediate development, offering a significant advantage for investors seeking a prime location with substantial acreage and flexible zoning.

• CAP approach

  CAP return

  Valuation

  6%

  $586,877

  6.5%

  $541,733

  7%

  $503,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $534,968

  Geo Method

  $534,968

• Alternative Use

  Use

  Valuation

  Residential

  $456,972

  Hospitality

  $418,584

  Educational

  $348,257

  Medical

  $360,234

  Retail

  $541,733

Location Insight

City

New Port Richey

County

Pasco

State

Florida

Latitude

28.2177

Longitude

-82.7089

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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