7923 Us Highway 19, Port Richey, FL, 34668 | $500,000

Check out this turnkey full-service restaurant opportunity at 7923 US. Hwy. 19 in the “Little City by the River” -- Port Richey, FL. The new owner/user will acquire a remodeled and artfully designed free-standing 60-seat restaurant with an eye-popping average daily traffic count of 62, 500.
Situated less than a quarter mile away along the blue waters of the Gulf of Mexico, regional favorites Whiskey Joe’s Bar & Grill, Catches Waterfront Grille and Rum River Bar & Grill attract a bevy of loyal followers. In all, 26 restaurants, including local, regional and national brands, are located within 1 mile, making this piece of paradise the eatery epicenter for tourists and locals alike. Median home values within a mile have risen to more than $400, 000.
Currently operating as a top-rated Thai restaurant (463 Google reviewers rate it 4. 6), this sale includes all furniture, fixtures and equipment. Renovations in 2019 included updated ADA restrooms, commercial kitchen, flooring and more. There are 18 parking spaces on the 11, 000 square-foot corner parcel.
The 1, 990-square-foot floor plan is quite versatile to accommodate any concept, and includes a back room for private events, plus a bonus room that can be utilized as an office or extra storage. Bring your vision to life in this A+ location that includes excellent monument signage on U. S. Hwy. 19.
Property highlights:
• Turnkey 60-seat restaurant is available in burgeoning West Pasco County.
• Significant improvements to the facility were completed in 2019.
• The buildout exudes a warm and inviting atmosphere for customers.
• 18 parking spaces on site.
Area highlights:
• Pasco County’s longest coastline, with marinas, a cluster of restaurants, public parks and boat rentals, are all located a couple of blocks to the west of the restaurant.
• Just to the south of the restaurant is the Pithlachascotee River (also known as the Cotee), which draws boating and water enthusiasts and a variety of recreational opportunities for all ages.
• Nearby Grand Boulevard offers a Florida Keys-like feel with historic riverfront homes and public parks. Downtown New Port Richey is must-see.
• Cozy independent retailers, including yoga, hair salons, bait shops, dive bars and such, give the area an “Old-Florida” small town sincerity that has become nearly extinct in the Sunshine State.

Features

  • Property Type: Restaurant
  • Construction: Block
  • Levels: 1
  • Cooling: Central Air
  • Year Built: 1956
  • Approx Sq. Feet: 1,990
  • Acreage: 0.35
  • Est. Taxes: $5,241
  • Lot Desc: Corner Lot
  • MLS#: TB8326285
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/TB8326285/7923ushighway19_portrichey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/4/2024 1:47:09 PM)
Listing courtesy of BRIDGEWATER COMMERCIAL RE   Phone: 813-541-4254

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7923 Us Highway 19, Port Richey, FL, 34668

$500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.352% 7.042% 6.160%
Monthly Tax Payment $437 $437 $437
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,628 $2,628 $3,348
Total Monthly Payment $3,157 $3,157 $3,877

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.