Investment Opportunity in New Port Richey: 5.4 Acres on US Highway 19
LQ Commercial Real Estate Services is proud to present an exceptional covered land play opportunity in New Port Richey, Florida. The offering features three parcels totaling ± 5.4 acres along bustling US Highway 19, generating income today while being perfectly positioned for redevelopment and re-tenanting tomorrow.
Prime Location & Visibility
The largest of the three parcels spans ± 4.48 acres with over 334 feet of frontage on US Highway 19. A 40,960 SF building currently occupies the site, fully leased to For The Floor and Pall Corporation. These leases run through 2025, giving future ownership flexibility to reposition or recapture the space.
The two adjacent parcels add further value:
- ± 0.58-acre parcel with 179’ frontage on US-19
- ± 0.34-acre parcel providing additional commercial potential
Current income streams include a drive-up coffee shop and seasonal fireworks sales, ensuring cash flow during the transitional phase toward redevelopment.
Surrounded by Growth
Located at the signalized intersection of US-19 and Moog Road, the property sits in front of the separately owned Universal Mall (90,500 SF retail center), with a CVS and other strong retail neighbors completing the quadrant.
The area is rapidly evolving with new investments and developments, including:
- Universal Mall & Holiday Mall acquisitions in 2020
- Workforce and Innovation Training Center opening nearby
- Lennar’s 426-homesite master-planned community just 2 miles away on SR 54
- Recent US-19 landscaping and infrastructure upgrades
Why This Opportunity Stands Out
This is more than just a stabilized retail and warehouse asset — it’s a strategic redevelopment play in one of Pasco County’s fastest-transforming corridors. Investors and developers will find:
- Strong daily traffic counts on US-19
- Cash flow from existing tenants
- Flexible timelines with recapturable leases in 2025
- Long-term upside through re-tenanting or repositioning
Final Takeaway
This 5.4-acre covered land play on US-19 offers the best of both worlds: income today and the chance to transform tomorrow. For investors and developers with vision, this property represents a rare opportunity in one of Florida’s most active growth markets.
👉 Contact LQ Commercial Real Estate Services for full offering details and to schedule a site tour.
