Commercial Sale · Mixed Use
4923 STATE ROAD 54, NEW PORT RICHEY, FL, 34652
Active21 days on marketListed Jul 15, 2026MLS #TB8529533
About this property
The property at a glance
Set right along FL-54 in New Port Richey, 4923 FL-54 puts you in the middle of one of Pasco County's most convenient corridors. This Mixed property is all about location and possibility, offering the perfect blank canvas for buyers, investors, or dreamers ready to roll up their sleeves. The setting couldn't be easier. Local grocery sits just over a mile away, keeping everyday errands quick and simple. School is close by for families, and nearby parks with green spaces add a welcome touch of calm to the neighborhood. With major roads only steps from your door, commuting, shopping, and weekend outings are effortless. Downtown New Port Richey, Gulf beaches, and dining spots are all within comfortable reach, giving you the best of relaxed Florida living. What truly sets this property apart is its renovation potential. This 2-bedroom, 1-bathroom, nice sized fenced backyard home is ready for a fresh vision, the opportunity here is wide open. The high-visibility FL-54 frontage also opens the door to creative possibilities, making this a rare find in a growing area. Roof is less than 6 months old! Properties like this—priced with room to build sweat equity in such a connected location—don't come along often. Bring your ideas, your tools, and your imagination, and turn this diamond in the rough into something special. Schedule your private showing today before this opportunity slips away!
1,220
Building sq ft
$193
Price / sq ft
0.14
Lot acres
1964
Year built
1
Building
C2
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$1,291/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
25,900
Population
$52,396
Median income
51.8
Median age
2.19
Avg household
$198,400
Median home value
$1,189/mo
Median rent
1,991
Households w/ kids
Recent sales
What actually sold near 4923 STATE ROAD 54
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$510,000
5531 US HIGHWAY 19
0 sqft · Sold May 6, 2026
$560,000
4339 GRAND BOULEVARD
Sold Dec 3, 2024
$255,000
5124 TROUBLE CREEK ROAD
2,070 sqft · $123/sqft · Sold May 23, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 4923 STATE ROAD 54 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 4923 STATE ROAD 54.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of KELLER WILLIAMS RLTY NEW TAMPA. MLS #TB8529533.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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