5427 WATER STREET
NEW PORT RICHEY, FL 34652
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.
Facts & features
Interior
- Living area
- 2,920 sqft
- Cooling
- Central Air
- Stories
- 1
Exterior & lot
- Lot size
- 5,000 sqft (0.11 ac)
- Construction
- Brick
Financial
- Annual tax
- $3,809 (2024)
- Price / sqft
- $133/sqft
Property
- Property type
- Single Family
- Year built
- 1982
- Subdivision
- C E CRAFTS SUB
- County
- Pasco
Listing
- Status
- Active
- Days on market
- 489 days
- MLS #
- MFR754243665
- Source
- Stellar MLS
Listed by Michael Braccia, PA · BAY STREET COMMERCIAL LLC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 25 comparable sales within 2 miles of NEW PORT RICHEY, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $1,967/mo
- Property tax
- $317/mo
- Home insurance
- $0/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 12, 2026 | Price reduced | $389,000 | −$40,000 |
| Mar 24, 2025 | Listed | $429,000 | — |
NeighbourhoodSample data
Reference scores for NEW PORT RICHEY, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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