Embassy Boulevard Office Building

Office for Sale
Catylist Listing ID: 30736964
Property Subtypes: Executive Suites, Mixed Use, Office Building, Other
Building Size (RSF): 10,342 SF
Gross Building Area: 12,072 SF
Gross Land Area: 1.28 Acres
Sale Price: $995,000
Unit Price: $96.21 PSF
Property Use Type: Investment
Class of Space: Class B
Usable Size (USF): 10,342 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/21/2021

Overview / Comments

Three-parcel portfolio, 1.28 acres, zoned C2 (1.14 ac) and R4 (.14 ac) with access on 3 sides. Unique opportunity for an investor or developer. Multiple permitted and conditional uses under current zoning give this site a variety of redevelopment or alternative use options.

Income-producing opportunity. Value-add 10,000±SF multi-tenant office building featuring 11 office units, varying in size and with flexible layouts. Tenants include Quest One Consulting, Total Vitality Medical - both long term tenants - and a variety of other professional office users. The two-story professional office building is constructed of reinforced block and hurricane proof with 24-hour surveillance. The building has a newer roof and recent air conditioning upgrades.

This property is conveniently located on Embassy Boulevard, just off of US Highway 19, at the Gulf View Mall and across Embassy Blvd. from the Regency Residence Retirement Living in Port Richey, Fl.

Redevelopment or investment opportunity
3-parcel portfolio, 1.28 acres total
Zoned C2 (1.14 ac) and R4 (.14 ac)
Income-producing office building
11 units ranging 168 SF and up
Recent roof improvements and AC upgrades
Great location in Port Richey just off US-19

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Taxing Authority: Pasco County
Tax ID/APN: 21-25-16-075A-00000-00C0, 21-25-16-0010-03700-0010, 21-25-16-075A-00000-1430
Zoning: C2, R4
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1975
Parking Type: Surface
Lot Frontage: 348.5' on Embassy

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,116 65,527 131,813
Median Age: 40.36 45.08 47.81
Households: 7,150 28,894 58,769
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