About 28540 Us Highway 19 N
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 |
| Sub-Type | Retail |
| Status | Active |
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 | 315 |
| Zoning | CP-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KELLER WILLIAMS TAMPA PROP. |
|---|