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28540 US HIGHWAY 19 N Clearwater, FL 33761
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Key Details
Sold Price $3,175,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,708 sqft
Price per Sqft $473
MLS Listing ID T3446569
Sold Date 06/28/24
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1973
Annual Tax Amount $28,729
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 200x150
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.
Location
State FL
County Pinellas
Zoning CP-1
Direction N
Interior
Cooling Central Air
Building
Story 1
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Block,Stucco
New Construction false
Construction Status Inspections
Others
Ownership Corporation
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KW PEACE RIVER PARTNERS
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Panagiotis Peter Sarantidis
Licensed Real Estate Sales Professional | License ID: 3332095