Jerry Mason
Price Reduced 6.27%
Price History
$3,430,000
5/16/2023
$3,215,000
1/31/2024
28540 Us Highway 19 N, Clearwater, FL, 33761
1973
6,708 sqft
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.
Status:
Pending
Type:
Commercial
Cooling:
Central Air
Levels:
1
Lot Size:
200 x 150
Acreage:
0.69
Est. Taxes:
$28,730
Construction
Block, Stucco
Days on Market:
342
MLS #:
T3446569
Community Info
School Info
Walk Score
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Listing courtesy of KELLER WILLIAMS TAMPA PROP. Phone: 813-264-7754