6740 Commerce AvePort Richey, FL 34668

Property Details for 6740 Commerce Ave

Year built

1982

Lot size

0.42 AC

Property size (Sq ft)

6,600 SF

Zone code

00C2

Property type

Office properties

Property subtype

Office buildings

APN

28-25-16-0150-00F00-0043

APU

282516015000F000043

Description

This exceptional 7,200 square foot creative office space in Port Richey, Florida, presents a unique opportunity for businesses seeking a versatile and functional workspace. Located in a single-story, 14,000 square foot building constructed in 1982, this property offers a single-tenant occupancy. The space boasts 22 private offices, perfect for fostering individual productivity and team collaboration. A welcoming foyer and dedicated waiting area create a professional and inviting atmosphere for clients and visitors. A convenient kitchen area provides a comfortable space for breaks and refreshments, enhancing employee well-being. The property's significant advantage lies in its direct access to an adjoining warehouse, offering unparalleled flexibility. This feature allows for seamless integration of office and storage needs, making it ideal for businesses requiring both administrative space and light warehousing capabilities. This adaptability makes it suitable for a wide range of industries, from traditional office settings to those needing a blend of office and storage solutions within a single location. The property is situated in Pasco County and offers a total building size of 14,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,368,809

  6.5%

  $1,263,516

  7%

  $1,173,265

• Comparable approach

  Method

  Valuation

  Relative Method

  $727,848

  Geo Method

  $727,848

• Alternative Use

  Use

  Valuation

  Residential

  $1,566,760

  Hospitality

  $1,435,144

  Educational

  $1,194,023

  Medical

  $1,235,087

  Retail

  $1,857,369

Location Insight

City

Port Richey

County

Pasco

State

Florida

Latitude

28.2793

Longitude

-82.703

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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