Clearwater, FL 33761,28540 US HIGHWAY 19 N

$3,175,000

Est. payment /mo

$3,215,000

1.2%
Est.Price: ?

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28540 US HIGHWAY 19 N Clearwater, FL 33761

6,708 SqFt

SOLD DATE : 06/28/2024

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

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 Sub-Type Retail

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

Area 33761 - Clearwater

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

Others

Ownership Corporation

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

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Stellar MLS
Listed by KELLER WILLIAMS TAMPA PROP.
Bought with KW PEACE RIVER PARTNERS
agent

Bryan Fangman

Broker / Owner | License ID: BK679904

+1(407) 513-2124

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