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Old Palm Harbor Village Center 1480-1492 Alternate 19 3,817 SF 100% Leased Retail Building Palm Harbor, FL 34683 $790,000 ($206.97/SF) 5.66% Cap Rate
INVESTMENT HIGHLIGHTS
- Busy strip shopping center in the heart of Old Palm Harbor!
EXECUTIVE SUMMARY
Retail Strip Center (NNN), strategically located in Old Palm Harbor Village Center. The free-standing 3,825 sq. ft. block/stucco building was built in 2005 and is divided into four retail units (Units 1480, 1484, 1488, 1492). A hair salon occupies Unit 1480; a cake shop occupies Unit 1484, and a frame shop occupies Units 1488-1492. Leases are NNN and do not expire until 2027 and 2028. CAM charges are in addition to the annual sq. ft. lease rate. This is an excellent location with high visibility on the rapidly expanding Alternate 19 Business Corridor! The current proforma will be provided upon signing an NDA. Don’t miss this terrific investment opportunity!
DRIVING DIRECTIONS: Driving north or south on U.S. Alternate 19, the property is on the southeast corner of Alternate 19 and Columbia Avenue in the Old Palm Harbor Village Center.
DRIVING DIRECTIONS: Driving north or south on U.S. Alternate 19, the property is on the southeast corner of Alternate 19 and Columbia Avenue in the Old Palm Harbor Village Center.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,817 SF
Building Class
C
Year Built
2005
Price
$790,000
Price Per SF
$206.97
Cap Rate
5.66%
NOI
$44,745
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.40 AC
Zoning
COMM - Retail
Parking
25 Spaces (6.55 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Angel Cakes Gourmet, LLC
- Retailer
- 913 SF
- $13.00
- Triple Net
- Apr 2028
- Golden Bay Blondes, LLC
- Services
- 920 SF
- $13.00
- Triple Net
- Mar 2027
- Harbor Frame Shop, LLC
- Services
- 1,992 SF
- $10.50
- Triple Net
- Apr 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Angel Cakes Gourmet, LLC | Retailer | 913 SF | $13.00 | Triple Net | Apr 2028 | |
| Golden Bay Blondes, LLC | Services | 920 SF | $13.00 | Triple Net | Mar 2027 | |
| Harbor Frame Shop, LLC | Services | 1,992 SF | $10.50 | Triple Net | Apr 2027 |
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 01-28-15-65628-048-0020 | Improvements Assessment | $326,698 |
| Land Assessment | $253,302 | Total Assessment | $580,000 |
PROPERTY TAXES
Parcel Number
01-28-15-65628-048-0020
Land Assessment
$253,302
Improvements Assessment
$326,698
Total Assessment
$580,000
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Old Palm Harbor Village Center | 1480-1492 Alternate 19
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