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31515 U.S. Highway 19 N 5,500 SF 100% Leased Retail Building Palm Harbor, FL 34684 $1,500,000 ($272.73/SF)
Investment Highlights
- Building 1: 4,000 SF & Building 2: 1,500 SF & Billboard, 100% occupancy
- 3 tenants: Knology, Vinson HVAC & Clear Channel
- Prime redevelopment opportunity - 0.92 acre parcel
- Located on US Highway 19 N, 95,000 vehicles per day
- Ancillary income from billboard
- NNN Leases - modified
Executive Summary
Introducing an exceptional investment opportunity in Palm Harbor, FL. Strategically located in Pinellas County, Florida's most densely populated county. This prime property, is comprised of two buildings: 4,000 SF building and a 1,500 SF building. Can provide an attractive return on investment with 100% occupancy. The appealing location in thriving Palm Harbor ensures a strong consumer base and high visibility for many businesses. The building offers an ideal investment with a solid foundation for long-term rent growth. Flexibility with in-place income for potential redevelopment opportunities exist. In addition to ancillary credit income (billboard) with considerable low market rents, provides an investor substantial upside.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,500 SF
Building Class
C
Year Built
1957
Price
$1,500,000
Price Per SF
$272.73
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.92 AC
Zoning
CP-1
Parking
16 Spaces (2.91 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-28-16-00000-430-0200 | Improvements Assessment | $208,581 |
| Land Assessment | $341,419 | Total Assessment | $550,000 |
Property Taxes
Parcel Number
07-28-16-00000-430-0200
Land Assessment
$341,419
Improvements Assessment
$208,581
Total Assessment
$550,000
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31515 U.S. Highway 19 N
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