Active
5330-5325 TREADWAY DR
PORT RICHEY FL, 34668
$5,200,000
$1,311.48 per sqft
Active
3,965 sqft
Commercial
Built in 1959
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
T3480009
MLSⓇ ID
October 17, 2023
Listed
May 9, 2024
Updated
Map
5330-5325 TREADWAY DR
PORT RICHEY FL, 34668
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
No
Exterior/Building Features
Lot Size
1.51 Acres
Other Property Details
Area Name
34668 - Port Richey
Taxes
$7,805
Tax Frequency
Annually
Days on Market
125
Garage
No
View
No
County
Pasco
Municipality
25S
Pool
No
Waterfront
Yes
Zoning
C2
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
2/20/2024 | Price Change | $5,200,000 8% |
Listed by LPT REALTY
Listing Contact: 877-366-2213
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Data last updated 5/9/2024, 7:11 AM UTC