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Jeramiah Bustin

jeramiah.bustin@engelvoelkers.com +1(813) 857-2120

$ 395,000

Est. payment -/mo

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6102 INDIANA AVE New Port Richey, FL 34653

1,792 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 1,792 sqft

Price per Sqft $220

Subdivision New Port Richey City

MLS Listing ID TB8540125

HOA Y/N No

Year Built 1962

Annual Tax Amount $318

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Office

Source Stellar MLS

Property Description

Directly across from Morton Plant North Bay Hospital, BayCare's 222-bed acute-care facility and West Pasco County's only not-for-profit community hospital. This single-story commercial building occupies a rare, irreplaceable location in an active medical corridor. The hospital campus generates continuous daily traffic of patients, staff, physicians, and visitors, creating durable demand for nearby professional and medical-related space that cannot be replicated.

The property was fully renovated in 2026 and is currently vacant, delivered as a vanilla shell ready for immediate owner-occupant build-out or NNN lease-up. No existing tenants. Available for immediate occupancy. Constructed of concrete block with stucco exterior and central HVAC, it sits on a 6,534 SF lot with on-site paved parking. It lies within the New Port Richey Community Redevelopment Area (CRA 2002), benefiting from ongoing public investment in infrastructure and corridor improvements.

Pasco County's office submarket currently operates at approximately 4.9% vacancy with average asking rents near $27/SF, reflecting landlord-favorable conditions. Stabilized NNN rents in the $22–$26/SF range are supported by medical-adjacent comps and broader submarket data, positioning the asset for strong cash-flow potential or a high-yield investment exit. At the offered price of $395,000 (~$220/SF), the property is priced attractively relative to replacement cost and the hospital-adjacent premium, appealing to both medical/professional owner-occupants and private investors.

Ideal for healthcare practitioners (primary care, physical therapy, behavioral health, specialty clinics), medical billing or ancillary services, professional offices (legal, accounting, insurance, financial services), or as a 1031 exchange or NNN investment vehicle. The combination of hospital adjacency, recent full renovation, on-site parking, CRA location, and constrained supply of comparable medical-corridor sites creates a compelling ownership opportunity in a growing West Pasco market.

Location

State FL

County Pasco

Community New Port Richey City

Area 34653 - New Port Richey

Zoning O

Interior

Cooling Central Air

Exterior

View Y/N No

Water Access No

Building

Story 1

Foundation Slab

Lot Size Range 0 to less than 1/4

Structure Type Block

New Construction false

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8540125

Listed by Shelly Sidhu RE/MAX PREMIER GROUP

NEARBY SCHOOLS & PROPERTIES

Jeramiah Bustin

License Partner | Broker Associate | Professional Athlete Advisory | Development Services

+1(813) 857-2120

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