$389,000
5427 Water Street
New Port Richey, FL 34652
Listing updated: February 9, 2026 at 3:34 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history305 days on market
- Status: ActiveFeb 9, 2026
- Listed$429,000Mar 24, 2025
- Price reduced$389,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Office
- Status
- Active
- Days on market
- 305
- Subdivision
- C E Crafts Sub
- County
- Pasco
- Year built
- 1982
- Living area
- 2,920 sq ft
- Price/sq ft
- $133
- Lot size
- 5,000 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X
- Annual taxes
- $3,809 (2024)
- Parcel #
- 16-26-08-0230-00000-0350
- MLS #
- TB8365712
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Heating & Cooling
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Other
Exterior & Construction
- Construction materials
- Brick
- Foundation
- Slab
- Road surface
- Asphalt
Listing Details
- Listing date
- 2025-03-24
- On market date
- 2025-03-24
- Original list price
- $429,000
- MLS area
- 34652 - New Port Richey
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-02-09
- Tax 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 risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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.
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Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of February 9, 2026 at 3:34 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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