Active

5330-5325 TREADWAY DR

PORT RICHEY FL, 34668

$5,200,000


$1,311.48 per sqft

Active

3,965 sqft

Commercial

Built in 1959

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

T3480009

MLS ID

October 17, 2023

Listed

February 20, 2024

Updated

Map

5330-5325 TREADWAY DR
PORT RICHEY FL, 34668

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

No

Exterior/Building Features

Lot Size

1.51 Acres

Other Property Details

Area Name

34668 - Port Richey


Taxes

$7,805


Tax Frequency

Annually


Days on Market

125


Garage

No


View

No


County

Pasco


Pool

No


Waterfront

Yes


Zoning

C2


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/20/2024

Price Change

$5,200,000

8%

Listed by Shawn Mcnair, with LPT REALTY
Listing Contact: 877-366-2213 

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Data last updated 2/20/2024, 2:08 AM UTC

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