Two Story Bank Building

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30519503
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 14,830 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $795,000
Unit Price: $53.61 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2020

Overview / Comments

11,236 sf, 2-story office building that is an outparcel to a busy Publix anchored shopping center located directly on US 19 in New Port Richey with a daily traffic count average of 65,000 cars. 100% leased building with an 'A' credit rated tenant occupying 5,712 sf of the space. The 2nd floor tenant has leased the office since 2016 with their lease expiring on 12/31/20. Southgate Shopping Center features Old Time Pottery, Cracker Barrel, TJ Maxx, Starbucks and many other national and local tenants. Aerial view highlights the incredible positioning of this property in relation to the busiest shopping center in the area. To view financials, please contact agent for confidentiality agreement.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 162608006A100000012
Zoning: C
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,415 SF
Year Built: 1972
Parking Ratio: 2.6 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 30
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,688 82,334 154,464
Median Age: 44.42 45.22 44.51
Households: 4,566 36,934 66,736

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