PORT RICHEY, FL 34668

Property

Ownership: Fee Simple
Type: Unknown
Lot Size: 1.2 Acres

Financials

Price:$4,100,000
Annual Taxes:$8,622.69
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of LPT REALTY, LLC

Legacy Property and location, South Pasco County, the only Port in Pasco County to the Gulf waters.

Description

Legacy Property and location, South Pasco County, the only Port in Pasco County to the Gulf waters. Allowing major Commercial Docking expansion..The Hotel is not operating due to being on the market for sale, and the commercial wet slip docking is 80% leased with high-income upside potential. Cotee River next to Hooters Restaurant, Major Resort Bar Restaurant area. 1.23 ac C2 COMMERCIAL ZONING, Development land coverage FAR 75%, 100’ wet slip Commercial Marina, Seaside Bar, historic Bar on River, and hotel, and additional land for development. Land use as multifamily 40 units per ac, 2.0 far, 110’ height with approvals. City of Port Richey, redevelopment area, boardwalk and waterway Dredging project in process. 5 mil in renovations, lighting, streets, sidewalks, Golf cart paths.. Offering for Hotel resort development. This is a commercial multi-use development property. It consists of 2 parcels, 5 lots total, C2 Commercial zoned uses, 1.23 AC, We have Phase 1 environmental and surveys. concepts and reports to develop a Hotel resort. City of Port Richey is redeveloping the infrastructure approved with 4-5 mil in improvements of the Waterfront district, roads, parking, and lighting & signage on US 19.. Future concept is a river walk concept that connects the waterfront businesses.

Amenities

  • Buildable
  • Cable - Available
  • Canal Saltwater
  • Cleared
  • Electrical Nearby
  • Gulf Ocean Full
  • In County
  • Near Marina
  • Near Public Transit
  • Seaport
  • Sewer Nearby
  • Street Lights
  • Utility Pole
  • Water Available
  • Water Connected

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.