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0 MASSACHUSETTS AVENUE

NEW PORT RICHEY, FL 34653

MLS#: W7885844

$485,000

Status: Active
Listing number: W7885844
Listing provided by: FUTURE HOME REALTY INC
Listing agent phone: None
Last update: 3 months ago
On site: 3 months ago
Browse Properties
PORT RICHEY LAND CO SUB - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2025

Sq.Footage

44,867

Prime 1.03-Acre Commercial Corner Lot – Newly Rezoned C-2 General Commercial. Locate at the corner of Massachusetts Ave & Keena St, New Port Richey, FL 34653. This is an exceptional opportunity to acquire 1.03 acres of high-visibility commercial land at the signalized corner of Massachusetts Avenue and Keena Street in one of Pasco County’s fastest-growing corridors. The property has been successfully rezoned to C-2 General Commercial, dramatically expanding its development potential and making it ideal for a wide range of commercial uses including: * Retail Plaza / Strip Center * Restaurants & Drive-Thru Concepts * Medical or Professional Offices * Automotive Services * Convenience Store * Mixed Commercial Uses * Service-Based Businesses and More This land is positioned in the direct path of growth, the site is surrounded by explosive residential expansion, with 4,000+ new homes planned or under construction within a 2-mile radius, creating substantial future traffic counts and consumer demand. This highly visible corner parcel offers excellent frontage, accessibility, and exposure for future development. The property has already undergone preliminary site preparation, including clearing of underbrush and smaller trees, providing a cleaner and more development-ready footprint.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    1.03

  • Lot Size(square feet)

    45,000

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $485,000

  • Tax Amount

    $1,705.24

  • Sq. Footage

    44,867

  • Price/SqFt

    $10

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Other

  • Ownership

    Fee Simple

  • Tax Lot

    0

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Location

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Pasco

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Listing Courtesy of Eric Perkins , FUTURE HOME REALTY INC

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(561) 609-2391

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Prime 1.03-Acre Commercial Corner Lot – Newly Rezoned C-2 General Commercial. Locate at the corner of Massachusetts Ave & Keena St, New Port Richey, FL 34653. This is an exceptional opportunity to acquire 1.03 acres of high-visibility commercial land at the signalized corner of Massachusetts Avenue and Keena Street in one of Pasco County’s fastest-growing corridors. The property has been successfully rezoned to C-2 General Commercial, dramatically expanding its development potential and making it ideal for a wide range of commercial uses including: * Retail Plaza / Strip Center * Restaurants & Drive-Thru Concepts * Medical or Professional Offices * Automotive Services * Convenience Store * Mixed Commercial Uses * Service-Based Businesses and More This land is positioned in the direct path of growth, the site is surrounded by explosive residential expansion, with 4,000+ new homes planned or under construction within a 2-mile radius, creating substantial future traffic counts and consumer demand. This highly visible corner parcel offers excellent frontage, accessibility, and exposure for future development. The property has already undergone preliminary site preparation, including clearing of underbrush and smaller trees, providing a cleaner and more development-ready footprint.

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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.
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None Beds

None Baths

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- property

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