34190 US Highway 19 N
Palm Harbor, FL 34684
Billboard For Sale!! No Buildings Included. · Retail Property For Sale

Double-sided Billboard for sale. North and south facing in front of Sherwin Williams at 34190 US Hwy 19 N Palm Harbor FL 34684 with AADT traffic count of 83,500. Extremely stable lessee, 3 years into 5-year lease with additional 5-year option, paying $3500 per side, or $84k annually with 3% annual increase, going up to $94,500 in year 5. This section of US Highway 19 is the perfect place for a billboard due to the heavy traffic volume and the congestion slowing down traffic for better visibility. Due to the current county regulations, the billboard is only convertible to digital if 4 other billboards along US Highway 19N are removed. County regulations are expected to change, per the county planning Supervisor, within a year. Easement: A portion of the Northwest 1/4 of Section 6, Township 28 South, Range 16 East, Pinellas County, Florida. Commence at the Northeast corner of the said Northwest 1/4 of Section 6; run thence South 01°28'51" East along the East boundary of said Northwest 1/4 of Section 6, a distance of 64.28 feet; thence South 88°31'09" West, a distance of 100.00 feet to the West right-of-way line of U.S. Highway No. 19; thence South 01°28'51" East along the said right-of-way line, a distance of 1000.00 feet to the Point or Place of Beginning; thence continue South 01°28'51" East along the said West right-of-way line, a distance of 122.16 feet; thence North 89°24'58" West, a distance of 290.40 feet; thence South 01°28'51" East, a distance of 150.00 feet; thence North 89°24'58" West, a distance of 109.91 feet; thence North 01°28'51" West, a distance of 272.16 feet; thence South 89°24'58" East, a distance of 400.31 feet to the Point of Place of Beginning.