Waterfront
Address
5330-5325 Treadway DRIVE, PORT RICHEY, FL
Price
$ 5,200,000
Property Attributes
- MLS#T3480009
- TypeCommercial
- CountyPASCO
- CityPORT RICHEY
- AreaPort Richey
- NeighborhoodHarbor Villas
- Zip34668
- StyleMixed Use
- Year Built1959
- Taxes$ 7805
- Price$ 5,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3965
- Lot Size1.51 Acres
Data Source:
Stellar MLS
Property Description
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 often Pasco 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
| Price History | |
|---|---|
| 10/23/2023 | Listed $4,800,000 |
General Features
| Cooling | Other |
|---|---|
| Utilities | Public |
| Zoning | C2 |
| Construction Materials | Block,Metal Frame,Wood Frame,Wood Siding |
| Year Built | 1959 |
| Levels | Two |
| Property SubType | Mixed Use |
| Tax Year | 2021 |
| Percent Ownership | Corporation |
| Waterfront Features | Bay/Harbor,Canal - Saltwater |
| County | Pasco |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | HARBOR VILLAS |
| Status | Active |
| Directions | US 19 to Treadway to property |
| City | PORT RICHEY |
| Buyer Agent Compensation | 2% |
| MLS Area | 34668 - Port Richey |
| Lot Size Square Feet | 65775 |
| Waterfront Y/N | Yes |
| Street Name | Treadway |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 7805.05 |
| Public Remarks | 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.. |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/T3480009 |
| Days on Market | 132 |
| Standard Status | Active |
| Tax Lot | 1,5,6,8,9 |
| Legal Description | Pasco 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 |
| Water View | Bay/Harbor - Full,Gulf/Ocean - Partial,Intracoastal Waterway,River |
| Water Access Type | Bay/Harbor,Gulf/Ocean,Intracoastal Waterway |
Interior Features
| Total Stories | 2 |
|---|---|
| Air Conditioning Y/N | Yes |
| Street Suffix | DRIVE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Lot Size Area | 1.51 |
|---|---|
| Foundation Details | Stilt/On Piling |
| Number of Buildings | 3 |
| Building Area Total | 5142 |
| Lot Size Acres | 1.51 |
| Road Surface Type | Asphalt |
| Lot Size Units | Acres |
| Road Frontage Type | County Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 34668
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 10, 2024 10:11 PM UTC
