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28540 US HIGHWAY 19 N

Commercial For Sale
$3,215,000

BTC: 51.18305289

ETH: 1,089.83050847

-$215K (2024/01/31)
363 days
0 room(s)
6,708 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • CLEARWATER • 33761 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1973
Lot:
0.69 Acres
Heating:
No Data
Price/sqft:
$479
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Cooling

    • Central Air

  • Lot

    • Lot: 0.69 Acres

    Other Property Information

    • Parcel Number: 192816000003103000

    • Zoning: CP-1

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Other financial information

    • Annual tax amount: $28,730

  • Source details

    • MLS ID: T3446569

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Living Area: 6708

    • Lot Size Dimensions: 200 x 150

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS TAMPA PROP.