3545, 3561-3621 & 3633 US 19 New Port Richey, FL

Property Listing Details for US Highway 19, New Port Richey, FL

Property Overview

• Address: 3545, 3561-3621 & 3633 U.S. Highway 19, New Port Richey, FL 34652
• Total Land Area: ± 5.4 Acres
• Building Size: 40,960 SF
• Zoning: C-2 (Commercial)
• Price: $4,750,000
• Current Net Operating Income (NOI): $308,367
• Price Per Acre: $880,000
• Traffic Count: 70,000 AADT (Annual Average Daily Traffic)
• Location: Tampa Bay Metropolitan Statistical Area (MSA)
• Positioning: High visibility, signalized corner intersection

Investment Highlights

• Redevelopment & Re-Tenanting Opportunity: The existing 40,960 SF building is suitable for re-tenanting or redevelopment.
• Underutilized Outparcels: Potential to develop additional income-generating commercial spaces.
• Existing Cash Flow: Currently generating $308,367 in net operating income (NOI) through short-term leases with existing tenants.
• High Visibility & Easy Access: Located on US-19 with strong traffic volume and a prime corner location.
• Value-Add Potential: Ideal for investors looking to reposition or redevelop the property for higher returns.

Potential Opportunities

Broker Contacts

• Paul Rutledge
  • Title: Senior Broker Associate
  • Phone: 941-228-2198
  • Email: prutledge@lqcre.com
• Mark Shellabarger
  • Title: Investment Sales
  • Direct: 813-999-1943
  • Mobile: 813-765-4479
  • Email: mshellabarger@lqcre.com
• Listing Website: LQCRE Property Listing
• Crexi Listing: Crexi Property Listing
• Loopnet Listing: LoopNet Property Listing

Business & Land Opportunities in New Port Richey, FL (2025 & Beyond)

New Port Richey, situated in Pasco County along the Gulf Coast of Florida, presents significant commercial and real estate investment opportunities due to its strategic location and expanding economic development. The area has seen increased attention from businesses, developers, and investors looking for value-added and high-visibility properties.

Key Growth Factors for 2025 and Beyond

1. Retail & Commercial Growth:
   • US Highway 19 serves as a primary commercial corridor, with businesses ranging from retail stores and dining establishments to service-oriented businesses.
   • The presence of underutilized out parcels provides opportunities for new retail tenants, including national brands, quick-service restaurants, and boutique businesses.
2. Real Estate & Redevelopment Potential:
   • The area is undergoing revitalization, making it ideal for redevelopment projects, including multi-use commercial spaces, shopping centers, and entertainment venues.
   • Investors can leverage the short-term lease structure of the property to optimize future rental income.
3. Infrastructure & Transportation Improvements:
   • Pasco County and Florida DOT are investing in road improvements along US-19 to improve accessibility and traffic flow.
   • Expansion of public transportation options enhances connectivity for residents and visitors.
4. Population Growth & Demographics:
   • New Port Richey has experienced steady population growth, with an influx of residents seeking affordable housing near Tampa Bay.
   • The demographic shift is driving demand for more retail, entertainment, and lifestyle-focused businesses.
5. Tourism & Waterfront Development:
   • Proximity to the Gulf of Mexico and recreational attractions like Sims Park, Cotee River, and historic downtown make New Port Richey an attractive location for hospitality and tourism-related investments.
   • Potential for boutique hotels, waterfront dining, and entertainment venues.
6. Industrial & Logistics Expansion:
   • Industrial development opportunities are rising due to the growing demand for warehouses and distribution centers, particularly along the US-19 corridor.
   • A presence in the area could benefit businesses involved in last-mile delivery, e-commerce fulfillment, and regional logistics.
7. Healthcare & Medical Industry Growth:
   • New Port Richey is home to major medical facilities, including the Medical Center of Trinity, which has contributed to the growth of healthcare-related businesses.
   • The aging population in Florida creates increased demand for specialized medical services, clinics, and senior-focused developments.
8. Technology & Remote Work Trends:
   • As more professionals relocate to Florida due to tax advantages and remote work flexibility, the demand for co-working spaces, tech hubs, and start-up incubators is rising.
   • The redevelopment potential of this property could cater to modern business needs, including office space conversions.

Strategic Opportunity for This Property

Given the prime location, strong traffic visibility, and flexible zoning (C-2), this 5.4-acre property represents a strong value-add or redevelopment opportunity. Investors could consider:

• Repositioning the existing building with national or regional tenants.
• Developing outparcels for fast-food, retail, or service businesses.
• Converting the space into a mixed-use development with commercial, office, or hospitality components.
• Targeting e-commerce or logistics firms for a warehouse or fulfillment center.
• Repurposing for medical or wellness facilities given the increasing healthcare demand.

With New Port Richey positioned for growth, this investment aligns well with future market demands, making it a high-potential acquisition for 2025 and beyond.