Description

Highly sought after Commercial Property within the City of New Port Richey on heavily traveled connecting thoroughfare from Main Street, Grand Blvd running North and South and includes a Grandfathered Automotive Service Business with a history spanning 53 years and the only automotive repair business within the downtown City of New Port Richey. High visibility with every parade parade held in the City of New Port Richey traversing past this site. The March 21, 2026 street parade featured more than 100 entries winding through Grand Blvd., Main Street, Sims Park and Orange Lake and drew tens of thousands of spectators. Sale will include the Corporation MASTER MECHANICS OF NEW PORT RICHEY, INC. with grandfathered business, inventory (inventory list available), intellectual property, phone numbers, web site, signage, Mitchell Software which contains 3600+/- client list and contact data of ongoing customers and their family members for three generations (former software, Info Max still available as well) plus more. Sale also includes all real estate consisting of a corner lot with 350 feet of road frontage, 150 feet directly on Grand Blvd. and 3 rental units one hundred percent occupied in addition to the Automotive Repair Business. Rents are below market and contribute $1,150.00 per month to the overall income. Currently additional retail buildings are occupied by a wonderful florist, talented hairdressers and a fabulous consignment shop with many wears. Tenants are month to month. Very clean financials with more than a 4 year financial history. Business has steadily increased year to year due to rising costs of new automobiles. Most family's are opting to repair as apposed to buy new. NOI of almost 200K per year and at the current asking price provides a spectacular 22% CAP rate. Don't miss out on this rare opportunity. Real Estate only without the automotive business, inventory etc. is also available please see MLS W7886156