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
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
Property Details
Price:
$5,200,000
MLS #:
T3480009
Status:
Active
Beds:
0
Baths:
0
Address:
5330-5325 TREADWAY DRIVE
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
HARBOR VILLAS
City:
PORT RICHEY
Listed Date:
Oct 17, 2023
State:
FL
Finished Sq Ft:
3,965
ZIP:
34668
Lot Size:
65,775 sqft / 1.51 acres (approx)
Year Built:
1959
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Interior
Cooling
Other
Exterior
Construction Materials
Block, Metal Frame, Wood Frame, Wood Siding
Financial
Buyer Agent Compensation
2%%
Tax Year
2021
Taxes
$7,805
Map
Community
- Address5330-5325 TREADWAY DRIVE PORT RICHEY FL
- CityPORT RICHEY
- CountyPasco
- Zip Code34668
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Courtesy of LPT REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 5330-5325 TREADWAY DRIVE
PORT RICHEY, FL
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