$5,200,000

5330-5325 Treadway Drive, Port Richey, FL 34668

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$5,200,000

5330-5325 Treadway Drive Port Richey, FL 34668

For Sale MLS# T3480009

3,965 sq ftCommercial

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Data current as of 27/05/2024 13:40:12

Details for 5330-5325 Treadway Drive

MLS# T3480009

Description for 5330-5325 Treadway Drive, Port Richey, FL, 34668


Major high-return investment.. Famous Seaside Restaurant and Waterfront Lands Central Florida West Coast, Gulf of Mexico, Tampa MSA area Port Richey FL property is Pasco county's only Sea side Port.. UPSIDE RETURNS High vacancy with Major upside potential..Pro Forma 9.45% ROI returns @ $453,600 yearly rent roll increasing, additional appreciation value 11% year over year, Total 20.45% return potential. Current Passive tenant income $80,000 yearly Short-restaurant lease, Wet slip docking, event parking, increasing rents. The property consists of 3 separate parcels, 6 lots total, all uplands usable buildable, 1.51AC, 200’ Waterfront Commercial frontage Offering Prime Waterfront Real Estate Restaurant, former B & B Hotel, Marina wet slip charter docking, additional development land, event parking lots. Cotee River. All Pasco county C2 COMMERCIAL Rights by zoning, Development land coverage FAR 75% (floor area ratio allowable building base floor), 200’ Commercial Waterfront wet slip docking, develop High and Dry Commercial Marina, historic Seaside Bar on River, hotel and additional land for development. redevelopment Waterfront district area, boardwalk, and waterway Dredging project plus 6 million in renovations in process, lighting, streets, signage, sidewalks, Golf cart paths, and more. Can provide all documents regarding the site all clear Phase 1 environmental studies, and boundary surveys.Famous Johnny Cash singer frequented the Seaside Bar oftenPasco ID# 32-25-16-0260-00000-0020 (Restaurant .28 AC) ID# 32-25-16-0260-00000-0010 (Hotel .79 AC) ID# 32-25-16-0260-00000-0080 ( Lots .44 AC) Total site 1.51AC (65,775 SF) C2 Commercial Zoned

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 1.51 Acres

Square Feet: 3,965 sq ft

Year Built: 1959

Stories: 2 Story

Construction: Block,Metal Frame,Wood Siding,Wood Frame

Subdivision: Harbor Villas

County: Pasco

Utilities


Other Utilities: Municipal Utilities

Cooling: Other

Exterior / Lot Features


Lot View: Bay,Intercoastal,Ocean,River,Water

Waterfront Details


Water Front Features: Bay Access, Canal Access, Gulf Access

Driving Directions


US 19 to Treadway to property

Financial Considerations


Terms: Cash,Conventional

Tax/Property ID: 16-25-32-026.0-000.00-001.0

Tax Amount: 7805.05

Tax Year: 2021

Price Changes


$5,200,000 Original Price
$5,200,000 Current Price
$0Total Change
Date Price Change
02/28/2024 10.15 PM $5,200,000
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Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 5330-5325 Treadway Drive

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SchoolDigger® Rating

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