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29877713
29877739

10416 Sparge St, Port Richey, FL 34668

BB
FL SL3632452, FL cq1057398
John Burpee & Associates
JB
FL FL cq1057398
John Burpee & Associates
Listed by John Burpee & Associates
$3,800,000
111 days on market
Updated 4 days ago

Sparge St Industrial

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 36,295
Units 2
Tenancy Vacant
Pro-Forma Cap Rate 8.6%
Pro-Forma NOI $326,655
Price per SqFt $105
Class C
Year Built 1977
Stories 1
Acreage 2.000
Zoning C-2
Investment Type Value Add
Ceiling Height 12-17

Industrial | 36,295 SqFt

Marketing description

John Burpee & Associates is honored to represent the opportunity to acquire two industrial buildings located at 10423 &10416 Sparge Street in Port Richey, Florida. This offering provides investors or owner-users the ability to purchase a multi-building industrial asset in a Tampa Bay submarket with continued demand for warehouse and flex space.

Together, the buildings offer 36,295 square feet of ground floor space PLUS an additional 3,009 square feet of mezzanine space that can accommodate a single user seeking scale or an investor looking for multi-tenant flexibility. The combination of metal and concrete structures provides durability, and adaptability for a wide range of industrial users.

Located in Port Richey within Pasco County, convenient access to US-19 and major regional thoroughfares, providing connectivity throughout the Greater Tampa Bay market. The property benefits from the versatile C-2 zoning, allowing for a wide variety of permitted uses ranging from retail and entertainment to distribution and light industrial applications, further enhancing flexibility for both occupancy and investment strategies.

The area continues to experience steady industrial growth driven by population expansion, business migration, and limited supply of functional warehouse products of this size. This offering represents an opportunity to acquire a well-located industrial asset in the Tampa submarket with strong fundamentals and long-term upside potential.

Investment highlights

The property consists of two separate industrial buildings situated on adjacent parcels:

10416 Sparge Street

Concrete construction

17,672± square feet

1500± outside storage

C2 zoning

3-phase/1200 Amp

New Tapered TPO roof 2025 1/12 pitch

Functional layout allowing for flexible uses, from office and retail to distribution

10423 Sparge Street

Metal construction

18,623± square feet

3009± square feet Mezzanine space

C2 zoning

Clear-span warehouse space ideal for distribution, manufacturing, and automotive and more.

2-phase/200 Amp

Metal roof with new skylights

Ceiling mounted Bridge Crane

Listing Contacts

BB
FL SL3632452, FL cq1057398
John Burpee & Associates
JB
FL FL cq1057398
John Burpee & Associates
Listed by John Burpee & Associates

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Additional Information

Name
Beck Buchanan
License
SL3632452
Brokerage
Beck Buhcnanan
Brokerage Phone
727-256-0063
Title
sales associate
Brokerage Address
13135 66th Street North
Name
John Burpee
License
FL cq1057398
Brokerage Phone
7272351992
Title
Florida
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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