6709 Ridge RdPort Richey, FL 34668

Property Details for 6709 Ridge Rd

Year built

1986

Lot size

2.16 AC

Property size (Sq ft)

36,258 SF

Zone code

00C1

Property type

Office properties

Property subtype

Office buildings

APN

28-25-16-0140-00I00-0030

APU

282516014000I000030

Description

This exceptional three-story, 36,834-square-foot office building, situated on 2.09 acres in Port Richey, Florida, presents a remarkable investment opportunity. Completely renovated in 2022, the property boasts 11 suites, offering flexible spaces ranging from a minimum of 731 square feet to a maximum contiguous area of 2,510 square feet. Currently, 12,300 square feet are available for lease. The building features modern finishes throughout, including attractive grey plank flooring, fresh paint, updated ceiling tiles, and energy-efficient LED lighting. All suites benefit from new HVAC units equipped with upgraded HEPA filtration systems. The exterior has also undergone significant improvements, with a fresh coat of paint, a newly paved and restriped parking lot accommodating 139 vehicles, and an updated monument sign enhancing visibility. Located at 6709 Ridge Rd, Port Richey, FL 34668, this Class B building enjoys exceptional visibility due to its Ridge Road frontage, strategically positioned between US Highway 19 and Little Road, a major east-west thoroughfare. Convenient access to the Suncoast Parkway is also readily available via the new Ridge Road extension. The property is zoned C1 and features a single passenger elevator. Built in 1986, this meticulously maintained building offers a blend of classic charm and modern functionality, making it an ideal location for a variety of businesses. The property's address is 6709 Ridge Rd, Port Richey, FL 34668. APN: 28-25-16-0140-00I00-0030.

• CAP approach

  CAP return

  Valuation

  6%

  $7,519,740

  6.5%

  $6,941,298

  7%

  $6,445,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,998,532

  Geo Method

  $3,998,532

• Alternative Use

  Use

  Valuation

  Residential

  $8,607,210

  Hospitality

  $7,884,158

  Educational

  $6,559,528

  Medical

  $6,785,120

  Retail

  $10,203,709

Location Insight

City

Port Richey

County

Pasco

State

Florida

Latitude

28.2809

Longitude

-82.7039

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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