Listed by The Elite Realty Experience
$850,000
6201 RIDGE RD PORT RICHEY FL 34668-6743
Details
APN 28-25-16-0100-00000-0204
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 4,776
Net Rentable (SqFt) 4,777
Units 6
Cap Rate 7.65%
NOI $65,000
Occupancy 95%
Tenancy Multi
Lease Type NN+
Lease Expiration 01/31/2027
Remaining Term 1
Pro-Forma Cap Rate 8.35%
Pro-Forma NOI $71,000
Year Built 1981
Stories 1
Lot Size (SqFt) 20,199
Parking Spaces 25 spaces
Parking per 1,000 SqFt 5.23
Ground Lease No
7.65% Cap Rate | 95% Occupancy | Recent Capital Improvements
Marketing description
**$125,000 Price Improvement** Prime investment opportunity to acquire a 95% occupied commercial plaza in Pasco County, Florida. The property consists of six units. One well established tenant occupying 4 units. Only 570sf out of 4777sf vacant. Capital improvements include: a new shingle roof (2025), HVAC systems all under three years old, and a recently resurfaced parking lot (2/2026). Current effective NOI is $65,000 Pro Forma NOI $71,000. Low maintenance NN income producer. Landlord only pays Property Tax and small contribution to water
Investment highlights
Strong Cash Flow
Immediate Income
New Roof
New AC Units
28,000 Daily Traffic Count
Stabilized Tenants
Listing Contacts
Listed by The Elite Realty Experience
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,000.00
$5,416.67/mo
Valuation Metrics
0
DSCR
7.65%
Cap Rate
7.65%
ROI
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