Address
28540 Us Highway 19 N, CLEARWATER, FL
Price
$ 3,215,000
Property Attributes
  • MLS#T3446569
  • TypePending
  • CountyPINELLAS
  • CityCLEARWATER
  • AreaClearwater
  • Zip33761
  • StyleRetail
  • Year Built1973
  • Taxes$ 28729
  • Price$ 3,215,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6708
  • Lot Size0.69 Acres
Data Source:
Stellar MLS
Property Description

Under contract-accepting backup offers. 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.

Price History
5/16/2023 Listed $3,430,000
1/31/2024 7% - $3,215,000

General Features

Cooling Central Air
Zoning CP-1
Construction Materials Block,Stucco
Year Built 1973
Property SubType Retail
Tax Year 2022
Percent Ownership Corporation
County Pinellas
New Construction No
Property Type Commercial Sale
Status Pending
Directions Heading north on US Hwy 19,the property is located on the west side of the road between State Road 580 and Curlew Road.
ModificationTimestamp 2024-06-11T18:15:06.627Z
City CLEARWATER
Buyer Agent Compensation 2.5%
View Y/N No
MLS Area 33761 - Clearwater
Lot Size Units Square Feet
Lot Size Square Feet 30000
Waterfront Y/N No
Tax Annual Amount 28729.53
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/T3446569
Days on Market 342
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Tax Lot 3000
Legal Description S 200FT OF W 150FT OF E 250FT OF NE 1/4OF SE 1/4 OF NE 1/4 OF SW 1/4
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Total Stories 1
Air Conditioning Y/N Yes
LivingAreaSource Public Records

Exterior Features

Lot Size Area 30000
Foundation Details Slab
Number of Buildings 2
Building Area Total 6708
Lot Dimensions 200 x 150
Lot Size Acres 0.69
Road Surface Type Asphalt
Road Frontage Type Highway

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 33761

Price
AVG $480K
$3.22M
Taxes
AVG $4,360
$28,729
Visits
AVG 542
924
Data Provided by Inside Real Estate®
Year Built
AVG 1985
1973
Walkscore
AVG 45
48
Data Provided by Walkscore® not using MLS data

Areas We Cover