28540 US HIGHWAY 19 N CLEARWATER FL 33761 MLS #T3446569

28540 US HIGHWAY 19 N
CLEARWATER, FL, 33761
$3,215,000
Beds
0 Baths
6,708 SqFt
0.69 Acres
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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.

Property Details

Price:
$3,215,000
MLS #:
T3446569
Status:
Active
Beds:
0
Baths:
0
Address:
28540 US HIGHWAY 19 N
Type:
Commercial
Subtype:
Retail
City:
CLEARWATER
Listed Date:
May 16, 2023
State:
FL
Finished Sq Ft:
6,708
ZIP:
33761
Lot Size:
30,000 sqft / 0.69 acres (approx)
Year Built:
1973
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Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Block, Stucco

Financial

Buyer Agent Compensation
2.5%%
Tax Year
2022
Taxes
$28,730

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