Property Attributes
- MLS#T3446569
- TypeCommercial
- CountyPINELLAS
- CityCLEARWATER
- AreaClearwater
- Zip33761
- StyleRetail
- Year Built1973
- Taxes$ 28729
- Price$ 3,215,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6708
- Lot Size0.69 Acres
Data Source:
Stellar MLS
Property Description
We are proud to present for sale to qualified investors, the opportunity to purchase a fee simple interest in 28540 US Hwy 19 N, Clearwater, FL 33761 (the "Property") and accompanying billboard ground lease. The Property is 100% tenant occupied, home to INSA Cannabis Dispensary and Fundora My Dentist, both on long-term NNN leases. This passive investment has 3% annual escalations and options to extend. Additional rental income included with the billboard ground lease. Per property appraiser records, in 2022 the property underwent over $1,100,000 estimated value of interior capital improvements representing an intense financial commitment by both tenants, $850,000 and $292,152 respectively. The Property is front and center on US Hwy 19 (95,000 "AADT") with over 200 feet of direct frontage, A+ visibility, and signage. Please review the Offering Memorandum for additional information.
Price History | |
---|---|
5/16/2023 | Listed $3,430,000 |
1/31/2024 | 7% - $3,215,000 |
General Features
Cooling | Central Air |
---|---|
Zoning | CP-1 |
Construction Materials | Block,Stucco |
Year Built | 1973 |
Property SubType | Retail |
Tax Year | 2022 |
Percent Ownership | Corporation |
County | Pinellas |
New Construction | No |
Property Type | Commercial Sale |
Status | Active |
Directions | Heading north on US Hwy 19,the property is located on the west side of the road between State Road 580 and Curlew Road. |
City | CLEARWATER |
Buyer Agent Compensation | 2.5% |
MLS Area | 33761 - Clearwater |
Lot Size Square Feet | 30000 |
Waterfront Y/N | No |
Street Name | Us Highway 19 |
Listing Terms | Cash |
Tax Annual Amount | 28729.53 |
Public Remarks | We are proud to present for sale to qualified investors,the opportunity to purchase a fee simple interest in 28540 US Hwy 19 N,Clearwater,FL 33761 (the Property ) and accompanying billboard ground l |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/T3446569 |
Days on Market | 306 |
Standard Status | Active |
Tax Lot | 3000 |
Legal Description | S 200FT OF W 150FT OF E 250FT OF NE 1/4OF SE 1/4 OF NE 1/4 OF SW 1/4 |
Interior Features
Total Stories | 1 |
---|---|
Air Conditioning Y/N | Yes |
LivingAreaSource | Public Records |
Living Area Units | Square Feet |
Exterior Features
Lot Size Area | 30000 |
---|---|
Foundation Details | Slab |
Number of Buildings | 2 |
Building Area Total | 6708 |
Lot Dimensions | 200 x 150 |
Lot Size Acres | 0.69 |
Road Surface Type | Asphalt |
Lot Size Units | Square Feet |
Road Frontage Type | Highway |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool