Prime investment opportunity to acquire a 95% occupied commercial plaza in Pasco County, Florida. The property consists of six units, with one established tenant occupying three units and expressing interest in expanding into additional space. This asset requires no immediate capital improvements, featuring a new shingle roof (2025), HVAC systems all under three years old, and a recently resurfaced parking lot (completed two months ago). Current effective NOI is $65,000, with below-market rents in place, presenting a strong value-add opportunity for increased revenue. Potential Income Improvements by (2/2027) upon expiration of current leases. Only 570 sf unoccupied of total 4777sf available.
Listed By
Agency Name: THE ELITE REALTY EXPERIENCE
Agency Contact: 813-493-1297
Shown By
Agent Name: Angela Garcia
Agent Phone: (904) 335-7822
Agency Title: Watson Realty Corp., REALTORS ®
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6201 Ridge Road, Port Richey, FL 34668.
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6201 Ridge Road, Port Richey, FL 34668.
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6201 Ridge Road | MLS# TB8503651
This commercial property located at 6201 Ridge Road, Port Richey, FL 34668 is currently listed for sale with an asking price of $900,000. Search Port Richey real estate on agarcia.watsonrealtycorp.com today.