Prime Waterfront Development Site: Resort & Hotel Zoning

An aerial view of the 1.24 AC waterfront development site on Treadway Dr in Port Richey, showcasing its prime location in the main harbor with direct Gulf access.
Aerial View of Waterfront Development Site
A view of the 1.24-acre waterfront property for sale, highlighting the C2/Resort zoning which allows for hotel, marina, or mixed-use development in the Tampa MSA.
C2 Zoned Waterfront Land for Sale
The development site at 5431 Treadway Dr, an ideal location for a hotel or resort complex, taking advantage of the expansive waterfront views in Port Richey.
Prime Development Site for Hotel or Resort
A view of the adjacent commercial marina and boat slips, demonstrating the property's potential for marina development with its direct Gulf access.
View of the Commercial Marina and Harbor

Premier Waterfront Development Site

5325-5330 & 5301 Treadway Dr, Port Richey, FL 34668

BRING OFFERS $4,100,000

Property Description

Presenting a rare opportunity to acquire an iconic waterfront development site in the Tampa Bay MSA. This 1.24-acre parcel, zoned for C2 Resort and with an underlying land use of MF-40 Multifamily, offers immense potential for a legacy project. The property boasts prime Gulf access, 100' of direct water frontage on the Cotee River, and a strategic location next to major attractions like Hooters and the Casino Cruise Ship terminal. With existing tenants providing passive income, this is a prime investment for developing a hotel, resort, marina, or a vibrant mixed-use commercial and residential destination. The potential is limitless—if you can dream it, you can build it here.

Executive Summary

This is a prime investment opportunity to acquire a waterfront hotel and resort development site in the Tampa Bay area. The property includes commercial marina wet slips and significant land for development, supported by C2 Resort zoning with an underlying MF-40 Multifamily land use (40 units/acre). Key advantages include a 2.0 Floor Area Ratio (FAR), income from existing tenants, and options for developing a waterfront restaurant, a former B&B hotel, and boat storage. This unique collection of commercial lots on the Cotee River offers a once-in-a-lifetime chance to create a landmark destination.

Investment Highlights

  • Unmatched Development Potential: 1.24 AC site zoned C2 Resort with an underlying MF-40 designation, allowing for up to 40 multifamily units per acre.
  • Prime Waterfront Access: Features 100' of frontage on the Cotee River (Pithlochascotee River) with direct Gulf access, ideal for a commercial marina and wet slips.
  • Strategic Location: Situated in the heart of Port Richey's entertainment district, adjacent to Hooters and the casino cruise port, ensuring high visibility and traffic.
  • Mixed-Use Versatility: Perfect for a hotel, resort, marina, boat storage, retail spaces, or multifamily residential development.
  • In-Place Income: Benefit from passive income from existing tenants while planning your development.
  • Tampa MSA Advantage: Located within the thriving Tampa-St. Petersburg-Clearwater metropolitan area, offering a strong market for growth.

Property Overview

Listing Price:$4,100,000
Cap Rate:25.00% (Pro Forma)
Total Land Area:1.24 AC
Property 1:5325-5330 Treadway Dr
Property 2:5301 Treadway Dr
Location: View on Google Maps
Zoning:C2 Resort / MF-40 Underlying
Floor Area Ratio (FAR):2.0
Water Frontage:100' (Up to 200' available)

Financial Summary (2025 Pro Forma)

Net Operating Income:$1,000,000
EXISTING INCOME, TENANTS IN PLACE. PLEASE DO NOT DISTURB.

For more information or to schedule a viewing, please contact:

Frank C. Grimaldi | (813) 431-8080 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Team Grimaldi, Inc. Commercial Real Estate Services of Tampa Bay

Expansive view of the waterfront land available for a mixed-use project, offering a unique investment opportunity in the Port Richey harbor.
Waterfront Land for Mixed-Use Development
Highlighting the direct Gulf access from the property, showing nearby boat slips and the open waterway, a key feature for any marina or resort development.
Direct Gulf Access for Boating
A scenic view across the main harbor in Port Richey, part of the Tampa MSA, showcasing the beautiful water views from the 1.24 AC development site.
Scenic Harbor View in Port Richey
A perspective of the 1.24-acre parcel of land, ready for development and zoned C2 for a variety of commercial uses like a restaurant, bar, or hotel.
1.24 Acre Development Parcel
An aerial perspective emphasizing the C2/Resort zoned boundaries of the 1.24 AC property, perfectly situated for a major waterfront development project.
Aerial Perspective of C2 Zoned Property
A wide aerial shot of the Port Richey harbor, showing the subject property's strategic location within a bustling area of marinas, restaurants, and commercial activity.
Wide Aerial of Port Richey Harbor
A top-down aerial view capturing the vibrant marina life with numerous boat slips and waterfront dining, exemplifying the site's high-traffic location.
Top-Down View of Marina and Restaurants
An aerial showcasing both parcels of the waterfront land for sale, including the adjacent Hooters restaurant, highlighting the significant development opportunity.
Aerial View of the Two Waterfront Properties
A direct top-down view of the cleared 1.24-acre lot, a blank canvas for a new hotel or resort development with C2 zoning in Port Richey.
Cleared Lot Ready for Hotel Development
An angled aerial view displaying the existing commercial buildings on the property, available for renovation or redevelopment as part of a mixed-use plan.
Existing Commercial Buildings on Site
A ground-level perspective of the expansive, cleared lot, demonstrating the scale of the 1.24-acre site ready for a new commercial or resort project.
Ground-Level View of the Development Lot
A beautiful water-level view of the property's docks with boats and the adjacent restaurant, showcasing the prime marina development potential.
Waterfront View of Docks and Restaurant
A view from the entrance of the property, showing the large parking area and access to the waterfront development site in the Tampa MSA.
Entrance to the Commercial Property
A view of the rear of an existing structure on the property, featuring a screened-in porch, which could be incorporated into a future hotel or restaurant design.
Existing Building with Screened Porch
A view from the wooden dock showing a covered seating area, an ideal amenity for a future waterfront restaurant or bar with direct Gulf access.
Covered Deck Overlooking the Marina
A covered gazebo on the property's dock, offering a shaded seating area on the Pithlachascotee River, perfect for a future marina or restaurant amenity.
Dockside Gazebo on the Cotee River
A ground-level view of the cleared 1.24-acre lot, showing the expansive space available for a new hotel, resort, or mixed-use waterfront development.
Open Land for Proposed Development
A view from the grassy backyard of the property looking towards the harbor, showcasing the potential for outdoor amenities with direct Gulf access.
Backyard View Toward the Water
A close-up view of commercial fishing boats docked at the marina, highlighting the property's suitability for a working marina or similar marine commercial use.
Commercial Boats Docked at the Property
A stunning aerial view showing the harbor and its direct, unobstructed access to the open waters of the Gulf of Mexico, a prime feature of this investment opportunity.
Expansive View of Gulf Access
A high-angle aerial view of the development site, a technical survey sketch of the property layout, detailing lot boundaries, riparian rights, and the total shoreline distance along the Pithlachascotee River.
High Aerial View of Lot and Parking
A technical survey sketch of the property layout, detailing lot boundaries, riparian rights, and the total shoreline distance along the Pithlachascotee River.
Property Survey Sketch
The official boundary survey map for 5325 Treadway Dr, outlining the 1.23 AC property comprised of 5 lots with C2 commercial resort zoning.
Boundary Survey and Zoning Map
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