$4,100,000

Description

Legacy Property and location, South Pasco County, the only Port in Pasco County to the Gulf waters. Allowing major Commercial Docking expansion..The Hotel is not operating due to being on the market for sale, and the commercial wet slip docking is 80% leased with high-income upside potential. Cotee River next to Hooters Restaurant, Major Resort Bar Restaurant area. 1.23 ac C2 COMMERCIAL ZONING, Development land coverage FAR 75%, 100’ wet slip Commercial Marina, Seaside Bar, historic Bar on River, and hotel, and additional land for development. Land use as multifamily 40 units per ac, 2.0 far, 110’ height with approvals. City of Port Richey, redevelopment area, boardwalk and waterway Dredging project in process. 5 mil in renovations, lighting, streets, sidewalks, Golf cart paths.. Offering for Hotel resort development. This is a commercial multi-use development property. It consists of 2 parcels, 5 lots total, C2 Commercial zoned uses, 1.23 AC, We have Phase 1 environmental and surveys. concepts and reports to develop a Hotel resort. City of Port Richey is redeveloping the infrastructure approved with 4-5 mil in improvements of the Waterfront district, roads, parking, and lighting & signage on US 19.. Future concept is a river walk concept that connects the waterfront businesses.