28540 Us Highway 19 N, CLEARWATER, FL

$3,215,000

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6,708

Square feet

0.69

Acres

About 28540 Us Highway 19 N

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.

Features of 28540 Us Highway 19 N

MLS® # T3446569
Price $3,215,000
Bathrooms 0.00
Square Footage 6,708
Acres 0.69
Year Built 1973
Type Commercial Sale
Sub-Type Retail
Status Pending

Community Information

Address 28540 Us Highway 19 N
Area Clearwater
City CLEARWATER
County Pinellas
State FL
Zip Code 33761

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
# of Stories 1

Exterior

Foundation Slab

Additional Information

Date Listed May 16th, 2023
Days on Market 343
Zoning CP-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKELLER WILLIAMS TAMPA PROP.

Listing Map

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