6398 Ridge RdPort Richey, FL 34668

Property Details for 6398 Ridge Rd

Year built

1987

Lot size

0.34 AC

Property size (Sq ft)

4,900 SF

Zone code

00C3

Property type

Retail properties

Property subtype

Retail space

APN

28-25-16-0060-00A00-0080

APU

282516006000A000080

Description

This exceptional retail property, located at 6398-6404 Ridge Road in Pasco County, offers a fantastic opportunity for businesses seeking a well-established location. The property comprises a 4,900 square foot building, currently divided into four suites, built in 1987. A significant 1,320 square feet of retail space is immediately available for lease, representing a substantial portion of the building's total area. The maximum contiguous space available is also 1,320 square feet, ideal for a single tenant seeking a prominent presence. The property boasts ample parking with 22 spaces available for customers and employees. The building's classification as a multi-tenant property provides a vibrant and active atmosphere, fostering a strong sense of community and foot traffic. This location presents a unique chance to establish or expand a business in a thriving area of Pasco County. The property's existing infrastructure and convenient parking make it an attractive option for a variety of retail ventures. The available space is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this prime retail location offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,493,869

  6.5%

  $1,378,956

  7%

  $1,280,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,361,738

  Geo Method

  $1,361,738

• Alternative Use

  Use

  Valuation

  Residential

  $1,163,201

  Hospitality

  $1,065,486

  Educational

  $886,472

  Medical

  $916,959

  Retail

  $1,378,956

Location Insight

City

Port Richey

County

Pasco

State

Florida

Latitude

28.2802

Longitude

-82.7089

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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