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32630723
32630722

31515 US Highway 19 North, Palm Harbor, FL 34684

AM
FL SL3634922
$1,500,000
31 days on market
Updated 31 days ago

31515 US Highway 19 North

Details
Property Type Retail, Office
Sub Type Traditional Office
Square Footage 5,500
Units 2
Cap Rate 6.50%
NOI $93,817
Tenancy Multi
Lease Term 7.1
Lease Expiration 12/31/2027
Price per SqFt $273
Acreage 0.920
Investment Type Owner/User
Lease Commencement 12/01/2020
Ground Lease No

About This Property

Marketing description

Building 1: 4,000 SF & Building 2: 1,500 SF & Billboard, 100% occupancy

Located on US Highway 19 N, 95,000 vehicles per day

3 tenants: Knology, Vinson HVAC & Clear Channel

Ancillary income from billboard

Prime redevelopment opportunity - 0.92 acre parcel

NNN Leases - modified

Investment highlights

Introducing an exceptional investment opportunity in Palm Harbor, FL. Strategically located in Pinellas County, Florida's most densely populated county. This prime property, is comprised of two buildings: 4,000 SF building and a 1,500 SF building. Can provide an attractive return on investment with 100% occupancy. The appealing location in thriving Palm Harbor ensures a strong consumer base and high visibility for many businesses. The building offers an ideal investment with a solid foundation for long-term rent growth. Flexibility with in-place income for potential redevelopment opportunities exist. In addition to ancillary credit income (billboard) with considerable low market rents, provides an investor substantial upside.

Listing Contacts

AM
FL SL3634922

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,817.00
$7,818.08/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Adriana McAdams
License
SL3634922
Brokerage
Boutique National
Brokerage Phone
813-906-8310
Brokerage Address
309 South Willow Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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