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5622-5640 MISSOURI AVENUE New Port Richey, FL $ 1,900,000
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5622-5640 MISSOURI AVENUE
$ 1,900,000
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5622-5640 MISSOURI AVENUE

New Port Richey, FL, 34652
$ 1,900,000
Bedrooms-- Baths-- Sq 6,378

Monthly Estimate*

$ 11,699

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Commercial Property for sale in New Port Richey, FL

for $1,900,000. This 6,378 square foot building was built in 1979 on a lot size of 0.52.

Well-maintained 8-unit multifamily property located in the heart of downtown New Port Richey. The asset consists of four separate 2-unit buildings situated on an oversized lot, offering strong in-place income with long-term upside. The property is fully occupied with stable annual leases in place. Recent improvements include new roofs (2025) and fresh exterior paint (2025), with many units already updated. Several units remain below market rents, providing a clear path for future income growth. Current gross rents are $131,400 annually. Ideally positioned just minutes from the vibrant downtown corridor, riverfront, parks, restaurants, and retail, making this an attractive option for both tenants and investors.

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Taxes

$ 26,525

Style

Multi Family (5+)

Lot Size

0.52

Year Built

1979

Town/City

New Port Richey

County/Region

Pasco

MLS | Web ID

TB8503245
Features
General
Sewer Public Sewer
Heating Heat Pump
Cooling Central Air
Utilities BB/HS Internet Capable Phone Available Water Connected
Zoning MF-2
Construction Materials Block Stucco
Year Built 1979
Levels One
Property Subtype Multi Family (5+)
Tax Year 2025
Ownership Fee Simple
Gross Income 131400
County Pasco
New Construction false
Property Type Commercial Sale
Status Active
Directions From Main Street heading west turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.
City NEW PORT RICHEY
Number Of Units Total 8
MLS Area 34652 - New Port Richey
Lot Size Units Square Feet
Lot Size Square Feet 22651
Listing Terms Owner May Carry
Tax Annual Amount 26525.11
Property Condition Completed
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 8 9 10
Legal Description LOTS 8 9 & 10 BLOCK 106 PORT RICHEY COMPANY REVISED PLAN FOR TOWN OF NEW PORT RICHEY according to the map or plat thereof recorded in Plat Book 4 Page 49 Public Records of Pasco County Florida.
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
DockY/N false
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Interior
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 22651
Foundation Details Slab
Number of Buildings 4
Building Area Total 7586
Lot Size Acres 0.52
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type Alley City Street
Number of Lots 1
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* Excluded Features
List By
Bhhs Florida Properties Group

Broker

ahamilton@bhhsflpg.com

Email

Affordability Calculator

$13,909
Per Month
84%
16%
0%
Monthly Principal & Interest
$11,699
Monthly Property Taxes
$2,210
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/29/2026$1,900,000 Listed Price

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5622-5640 MISSOURI AVENUE, New Port Richey, FL, 34652 is a Commercial Property for sale at $1,900,000 with 6,378 sqft and a lot size of 0.52. 5622-5640 MISSOURI AVENUE was built in 1979. The property's zip code is 34652 which is in New Port Richey, FL

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