PROPERTY PROFILE Matthew B. Shaw, CCIM mshawcommercial@gmail.com (727) 434-4078 Awarded #1 Producing Commercial Real Estate BHHS Affiliate in the United States 2012-2015 Teamwork Integrity Passion Excellence 7916 Evolutions Way, Suite 210, Trinity, FL 34655 4950 West Kennedy Boulevard, Suite 300, Tampa, FL 33609 Fax 813.739.5703 bhhsflpcommercial.com
SUMMARY Address: 5412-5426 Main Street, New Port Richey, FL 34652 Location: Southwest corner of River Road and Main Street in downtown New Port Richey. Great visibility with approximately 200 linear feet of frontage on Main Street and River Road; One block east of US Highway 19 Pasco County Property ID: 05-26-16-0030-20700-0050 Access: Flood Zone: Land Size: Land Use: Zoning (City of NPR): Traffic Count: Improvements: Legal Description: Ingress and egress from both Main Street and River Road FEMA - AE 0.64± Acres Retail Strip Center Commercial/Downtown Zoning District 63,000± ADTV on US19; 12,800± ADTV on Main Street 13,423± SF six-unit multi-tenant retail investment opportunity. The building is concrete block construction with a stucco finish on the sides and rear. Front elevation has a brick veneer finish along with the glass store fronts. The roof was replaced in 2009 and consists of web steel bar joist. There is adequate parking surrounding the property. Illuminated pylon and building signage have been upgraded in 2010. CITY OF NEW PORT RICHEY PB 2 PG 27 LOTS 3 & 4 LY- ING SOUTH OF MAIN STREET AS EXTENDED & ALL OF LOT 5 BLOCK 207 OR 7994 PG 992 Sale Price: $950,000 This information is from sources deemed to be reliable. We are not responsible for misstatements of facts, errors or omissions, prior sale, change of price, and/or terms or withdrawal from the market without notice. Buyer should verify all information with its own representatives as well as state and local agencies. Brokers please note that a variable rate commission may exist on this offering that might result in a lower commission cost to the Seller if a Buyer's broker is not involved in the transaction. 2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. Equal Housing Opportunity.
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AERIAL *Boundary lines are approximate
STRUCTURE 5426 Main Street: 2,514± SF Retail Space 5424 Main Street: 1,872± SF Retail Space 5422 Main Street: 1,344± SF Retail Space 5418 Main Street: 1,300± SF Retail Space 5414 Main Street: 2,614± SF Retail Space 5412 Main Street: 3,779± SF Retail Space
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COMMUNITY REDEVELOPMENT SUBJECT 3 SUBJECT 5 1 2 NEW AND PROPOSED DOWNTOWN NEW PORT RICHEY REDEVELOPMENT New development projects are bringing new style, new energy, and new opportunities across the city. 1 2 3 4 Main Street Landing: This project will be a mixed-use development, including 80 multi-family units and 13,640SF of retail space. Construction began in early 2017. Beef 'O' Brady s: A 4,680SF family restaurant with capacity for 210 people. Located on Main Street adjacent to the river. Opened fall 2016. Sims Park: The City celebrated the park s grand reopening in January 2016 after years of planning and with a budget of nearly $3 million. The park provides beautiful views of the river, opportunities to gather and socialize, a link to the City s historical past and amenities featuring contemporary design features. Visitors enjoy the riverfront promenade, boat ramp, kayak launches, playgrounds, children s splash pad, amphitheater and picnic shelters. Historic Hacienda Hotel: Renovations to this historic landmark building are ongoing. 5 Residences at Orange Lake: An 85-unit multi-family development has been proposed for this approximately three-acre site on Circle Boulevard and Central Avenue. The project is subject to rezoning approval, site plan approval, and building permit approvals.
DEMOGRAPHICS DEMOGRAPHICS BY DRIVE TIME 5 MIN 10 MIN 15 MIN Total Population 15,003 80,073 168,976 Daytime Population 19,444 81,210 160,731 Avg. HH Income $49,869 $47,341 $50,966 Median Age 49.1 46.6 47.4 Total Households 6,962 35,118 73,176 DEMOGRAPHICS BY MILE 1 MILE 3 MILES 5 MILES Total Population 8,710 61,190 144,751 Daytime Population 11,547 63,991 138,072 Avg. HH Income $51,537 $48,974 $52,151 Median Age 48.0 48.8 47.1 Total Households 3,970 27,453 62,498