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$389,000

  • For Sale
  • Active
  • Office
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This 2,920 SF New Port Richey professional office building is located on a shared (2 unit) site. The space was formerly used as a medical lab but would work nicely as a medical office as it is located in a market surrounded by dense residential and complementary medical uses. As you walk through the front door, you enter into a large reception and waiting area with a waiting room large enough to accommodate 12-14 guests. The adjacent reception office is set up for two stations with an open bullpen area behind it. At the rear of the space, there are 4 private offices / exam rooms, 2 restrooms, a large open area, and another wide open bullpen area. The space is in need of some cosmetic improvement and is ready for a new occupant to put their imagination to use with this flexible open floor plan. Located in New Port Richey just east of US-19 with easy access to the Suncoast Parkway and Veterans Express.

Full Property Details for 5427 Water St

General

  • Price: $389,000
  • Taxes: $3,809 (2024)
  • Status: Active
  • Type: Office
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8365712
  • Updated: 2/9/2026
  • Added to Site: 323 day(s) ago

Location

  • Area: 34652 - New Port Richey
  • County: Pasco
  • Development Name: 34652 - New Port Richey
  • Subdivision: C E CRAFTS SUB
  • Driving Directions: Veterans Express North (589-TOLL), take exit 19 toward SR-54/New Port Richey/Zephyrhills, turn left onto SR-54 W, 12.0 miles, turn right onto Grand Blvd (CR-595 N), 0.5 miles, continue on Grand Blvd (CR-595), 0.9 miles, turn left onto Water St, 0.1 miles to property.

Community

  • Community Name: 34652 - New Port Richey

Heating & Cooling

  • Cooling Type: Central Air

Structural Information

  • # Buildings: 1
  • Exterior Const.: Brick
  • Square Feet: 2,920
  • Sq. Ft. Source: Public Records
  • Year Built: 1982

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 5,000
  • Lot Size: 5000
  • Frontage: County Road
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $3,809.07
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Other
  • Special Conditions: None
  • Legal Description: C E CRAFTS SUB NI 2 PB 2 PG 36 E 100.00 FT OF LOT 35 AKA PARCEL A OR 9718 PG 1496
  • Flood Zone Info: X
  • APN: 1626080230000000350
  • Property ID: 1626080230000000350
  • Block/Lot/Section: 16-26-0

Listed by Bay Street Commercial Llc

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— 5427 Water St —

  • Bay Street Commercial Llc

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5427 Water St

School District:Pasco County School District
NameGradesDistance
Richey Elementary School
6850 Adams Street, New Port Richey, FL 34652
K-51.3 mi
Gulf Middle School, New Port Richey, FL
6419 Louisiana Avenue, New Port Richey, FL 34653
6-81 mi
Gulf High School
5355 School Road, New Port Richey, FL 34652
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5427 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/15/2025
Price Reduced
$389,000
-9.32%
MLS
3/24/2025
Listed
$429,000
512.86%
MLS
3/29/2018
Sold
$70,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5427 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,254
12%
$202,086
24%
2024
$3,809
11%
$163,266
23%
2023
$3,434
13%
$132,688
12%
2022
$3,048
4%
$118,602
3%
2021
$2,930
—
$114,624
-29%
2021
$2,930
17%
$162,380
77%
2019
$2,513
16%
$91,605
21%
2018
$2,158
7%
$75,512
10%
2017
$2,026
9%
$68,658
-2%
2016
$1,867
-3%
$70,347
-2%
2015
$1,932
-2%
$71,676
-2%
2014
$1,980
-3%
$73,470
-2%
2013
$2,038
—
$75,152
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Bay Street Commercial Llc

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5427 Water Street, New Port Richey, FL 34652 (MLS# TB8365712) is a Office property. 5427 Water Street is currently listed for $389,000 and was received on March 24, 2025. Want to learn more about 5427 Water Street? Do you have questions about finding other Office real estate for sale in New Port Richey? You can browse all New Port Richey real estate or contact a Coldwell Banker agent to request more information.

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