1454-1470 ALT 19 #1454-1470, PALM HARBOR, FL, 34683
$1,750,000
Commercial Sale
Living Area
5,750 Sqft
Lot Size
27,273 Sqft
PRICE REDUCTION! Take advantage of this rare opportunity to own a 6000sf (mol) retail stripcenter in the heart of one of Pinellas County’s most desirable communities, Palm Harbor. This popular stripcenter is located in the Downtown Palm Harbor district on busy hwy alternate 19, close to dozens of thriving businesses which includes restaurants, coffee shops, breweries, retail shops and much more. The Downtown Palm Harbor district is growing rapidly and will soon be the next downtown Dunedin. Barrier to entry into this market is high now and will only be more difficult in the near future. A high income demographic and dense local population with over 20,000 average vehicles per day provides strong support for any retail and/or office in the stripcenter. Capital expenditure includes over $75,000 for a new roof in November 2023, $25,000 for three new AC units in January 2024 and $8,000 for new gutters in June 2019. The property is pristine with excellent maintenance history. Long term, quality tenants in place. All leases are triple net leases. There is an HOA in place which manages the common areas, parking lot, trash removal and grounds. The HOA is very relaxed and only manages the trash, parking lot resurfacing and other minor things with the shared property. See HOA fees in offering memorandum. The second floor is currently unfinished. Investment into finishing the second floor of the stripcenter can increase the rentable square footage by approximately 3000 additional square feet. It is buyer’s sole responsibility to confirm with local authorities about regulations, requirements and ability to expand the rentable square footage on the second floor. X500 flood zone only requires minimum flood coverage.
Property Details
Property Features Property Features
MLS ID: MFRU8248063 Year Built: 2004
Building Features: Bathrooms, Loft Community Features: Sidewalks
Construction Materials: Block Cooling: Central Air
Country: US County Or Parish: Pinellas
Flooring: Laminate, Vinyl Foundation Details: Slab
Heating: Heat Pump Listing Agreement: Exclusive Right To Sell
Parking Features: Parking Spaces - 19 to 30 Property Condition: Completed
Property Sub Type: Retail Property Type: Commercial Sale
Road Frontage Type: City Street, Highway Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Public, Water Connected Water Source: Public
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