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5330-5325 TREADWAY DRIVE
PORT RICHEY FL 34668 US

$5,200,000

Active Listing ID T3480009
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Lot: 1.51 Acres
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Mixed Use

$5,200,000

Active Listing ID T3480009
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5330-5325 TREADWAY DRIVE 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

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Property Features

  • Facts
  • Lot Size: 1.51 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Mixed Use
  • Additional Features
  • Waterfront

Property

  • propertytype: Commercial Sale
  • propertysubtype: Mixed Use
  • listprice: 5200000
  • unparsedaddress: 5330-5325 TREADWAY DRIVE
  • postalcity: PORT RICHEY
  • stateorprovince: FL
  • country: US
  • postalcode: 34668
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.51
  • lotsizeunits: Acres
  • lotsizearea: 1.51
  • livingarea: 3965
  • livingareaunits: Square Feet
  • latitude: 28.273568
  • longitude: -82.726127
  • listagentfullname: Shawn Mcnair
  • listagentemail: info@mrstateofflorida.com
  • listagentkey: 3yd-MFRMLSFL-277003211
  • listagentmlsid: 277003211
  • listagentpreferredphone: 8137311499
  • listagentofficephone: 8773662213
  • listofficekey: 3yd-MFRMLSFL-261016803
  • listofficemlsid: 261016803
  • disclaimer: Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1959
  • listingcontractdate: 2023-10-17
  • listagenturl: https://www.lpt.com/
  • countyorparish: Pasco
  • parcelnumber: 16-25-32-026.0-000.00-001.0
  • constructionmaterials: Block, Frame, Wood Siding
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: True
  • waterfrontfeatures: Canal - Saltwater, Waterfront
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.726127, 28.273568
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/MFRMLSFL/T3480009/?channel=rexren", "LeadRoutingEmail":"info@mrstateofflorida.com", "BrokerName":"LPT Realty, LLC.", "ListingTitle":"Mixed Use - PORT RICHEY, FL", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"boards@lpt.com", "ListOfficeAddress1":"1400 South International Parkw", "ListOfficeAddress2":"Suite 1020", "ListOfficeCity":"Lake Mary", "ListOfficePostalCode":"32746", "ListOfficeStateOrProvince":"FL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"LPT Realty, LLC.", "ListBrokeragePhone":"(877) 366-2213", "ListBrokerageEmail":"boards@lpt.com", "ListBrokerageWebsiteUrl":"https://www.lpt.com/", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"1400 S. International Parkway", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Lake Mary", "ListBrokerageStateOrProvince":"FL", "ListBrokeragePostalCode":"32746", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-02-19T09:28:08Z", "Taxes":[{"TaxYear":"2021", "TaxAnnualAmount":7805.05, "TaxDescription":null}]}
Listing Changed: 4/23/2024 9:44:17 PM GMT
Source Updated Date: 5/4/2024 6:40:30 AM GMT

Courtesy of: Shawn Mcnair, LPT REALTY, info@mrstateofflorida.com

Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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