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Description

Rare opportunity to acquire this historically rich, income producing landmark building in the heart of downtown New Port Richey. Downstairs space is comprised of two restaurant spaces and a large retail unit (2 of the 3 spaces are occupied by long term tenants). Upstairs consists of 8 office units, including a 4 suite unit of approximately 1000 square feet. 4 of the office units are leased and one is currently being used by the owners. Built in 1921, this magnificent building has wood floors, exposed brick walls in some of the units, two outdoor canopy sidewalk cafe areas (not included in the 9952 square feet) and a copper covered cupola. Cap rate is based on projected income with all units leased. Perfect for an owner user (perhaps restaurateur) who wants to also have income. Excellent location on New Port Richey's 'other Main Street,' Grand Blvd., directly across from the historic Suncoast Theatre. On site parking in rear in addition to street parking. Excellent location on Grand Blvd. in downtown New Port Richey, across from the historic Suncoast Theatre. Building price details: $499,900.

Property Details

• Type: Retail
• Status: Available
• Buildings: 1

Map Locations