Neighborhood: 34653 - New Port Richey, Temple Terrace Manor
Property Taxes: $1,151
CAP RATE is 21.77% This is a well-established turn-key business that's been here since 1970 and still going strong. The property sits on 2 lots on .34 acres. Building is 1,764 and a detached garage that is 468 square feet. You have 100 feet of road frontage. Business is conveniently located just 5 minutes off of Little Road, 5 minutes from US19, and minutes from Downtown New Port Richey. For $449,000 you can own it all, the building, land, and all of the inventory included. The owner is willing to hold a note on the building and land with 25% down based on the property sale price of $250,000. Owner would consider selling just the building and land separately with no business, but the buyer would have to sign a non-compete clause and could not open an engine/lawn mower repair shop.
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