This offering presents a unique opportunity to acquire 1.61± acres of strategically located land at the corner of Gulf Drive and Charles Street, just two blocks east of US Highway 19 in the heart of New Port Richey, FL. With 200± feet of frontage on Gulf Drive and daily traffic counts of approximately 6,600 vehicles, the property boasts strong visibility and access.
Located within the City of New Port Richey, the site is zoned for Medical Office use and may also offer potential for residential development, making it an ideal location for a variety of future uses. Positioned in Flood Zone X and surrounded by dense residential and commercial development, this property is priced to attract investors and developers alike.
5421 GULF DRIVE, New Port Richey, FL, 34652
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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