Commercial Property for Sale in New Port Richey Florida 34652

Property Description

This 3.67-acre PRIME vacant land comprised of 20 parcels on Pinewood Dr in the Timber Woods subdivision of New Port Richey is a rare and valuable investment opportunity located off US Highway 19 with direct access via Avery Road. This site has been recently zoned PDD (REZ2022-04), with approved plans for a 28 unit townhome development. The parcel has 0.4 acres of conservation area, ensuring maximum usable space for residential development.

Situated in a Flood Zone AE, the current architectural design has the living quarters elevated over 10 feet to mitigate flooding potential while maintaining functionality. Utilities such as water, sewer, and electricity are nearby and accessible. The seller has already begun the permitting process and has architectural drawings available for review. Buyer will be responsible for SWFWMD permit and tree mitigation.

Growth Potential: New Port Richey’s proximity to the Tampa-St. Petersburg-Clearwater metro area and ongoing infrastructure improvements are driving population growth. As the area continues to evolve, it is expected to attract both renters and buyers seeking market rate and affordable housing options within a short commute to larger urban centers.
**SELLER FINANCING AVAILABLE**

Location Description

This PRIME 3.67-acre vacant multifamily parcel offers exceptional development potential just 4 minutes from downtown New Port Richey. This development site is situated on the west side of US Highway 19 with easy access to State Road 54. New Port Richey is home to a variety of parks and attractions, including Green Key Beach (2.4 miles), Jay B. Starkey Wilderness Park (7 miles), and the New Port Richey Recreation & Aquatic Center (2.5 miles), all just minutes away. Additionally, you are just 2 miles away from Morton Plant North Bay Hospital who continues to expand its facilities in the city.

The area is experiencing significant revitalization, with nearby projects such as the upscale Aqua Harbor condominium complex and a new rooftop bar hotel adding to the allure. Just minutes away, a national developer is planning a 388-unit multi-family residence project, Anchor at Gulf Harbors, among others, further signaling the strong demand.