Universal Plaza 

3500 US Highway 19 | New Port Richey, FL 34652

Contact Brokers

Evan Cannan
Investment Advisor 
Evan.Cannan@MarcusMillichap.com
(C) (727) 480-1362 

(O) (813) 387-4765
FL #SL3433461

James Medefind
First Vice President Investments
James.Medefind@MarcusMillichap.com

(C) 850-228-9400
(O) 813-387-4788
FL #SL3216834

Highlights

  • A 90,500 Square-Foot Shopping Center That Presents Multiple Value-Add Opportunities.

  • Located on the Signalized Intersection of U.S. Highway 19 and Moog Road Which Benefits From Over 70,000 VPD

  • U.S. Highway 19 Is the Main North/South Thoroughfare Through All of Pinellas County and Pasco County.

  • The Property Benefits From Easy Accessibility With Five Points of Access – Three of Them Being Along the U.S. 19 Corridor.

  • The Property Is Directly Surrounded by an Extremely Dense Residential Area – 137K Population Within 5 Miles.

  • A Number of Attributes Contribute to the Advantageous Economic Climate of New Port Richey – Including a High Quality of Life That Attracts a Great Business Base Due to the Blend of Beaches, and Great Shopping With Restaurants, Culture and Business.

Description

Marcus & Millichap is pleased to exclusively offer for sale Universal Plaza, a 90,500 square-foot shopping center located in Tampa Bay MSA. The subject property presents multiple value-add and redevelopment opportunities. The current rents are well below half of market rents and more than half of the tenants are on month-to-month leases. This is an opportunity to capitalize on a property well below replacement costs.

Location

Uniquely positioned in New Port Richey, FL and located on U.S. 19, which is the main thoroughfare through Pinellas and Pasco counties, Universal Plaza sees substantial traffic with over 70,000 vehicles per day. The subject property is located on a signalized intersection and benefits from easy accessibility with five points of access.

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201 North Franklin Street

Suite 1100

Tampa, FL 33602

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