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Serendipity Plaza 1 28801-28829 US Hwy 19 N

11,840 SF 88% Leased Retail Building Clearwater, FL 33761 £4,963,890 (£419/SF) 7.30% Net Initial Yield

Investment Highlights

  • With 900 feet of frontage over US 19 at the core of Pinellas County, with a daily traffic volume exceeding 75,000 cars.
  • +60% of the Gross Leasable Area (GLA) has being occupied by tenants who have remained at this location for over 12 years.
  • Priced at $177 per square foot, it stands out as the most attractively priced stabilized shopping center in the Tampa Bay area.
  • The parking lot has been resurfaced.

Executive Summary

We are pleased to present an exceptional investment opportunity in the vibrant city of Clearwater. Situated in a prime commercial location, this multi-tenant property offers an attractive proposition for discerning investors seeking steady returns and long-term value. With a diverse portfolio of tenants already in place, the property presents immediate income potential. Moreover, its highly competitive price per square foot makes it especially enticing for investors looking to capitalize on the market's potential.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
11,840 SF
Building Class
B
Year Built
1982
Price
£4,963,890
Price Per SF
£419
Net Initial Yield
7.30%
NOI
£362,364
Percent Leased
88%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.07
Land Acres
3.88 AC
Zoning
CP - Corporate Park
Parking
48 Spaces
Frontage
234 ft on U.S. Highway 19

Amenities

  • Bus Route
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 28805
  • 1,480 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
28805 1,480 SF Retail In-Line Now

28805

Size
1,480 SF
Space Use
Retail
Position
In-Line
Available
Now

Nearby Major Retailers

Kobe Ichiban
UFC Gym
Hancock Whitney Bank
Bob Evans
Olive Garden Italian Kitchen
Truist
TD Bank
EverBank
Jazzercise
Applebee's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-28-16-00000-130-0400
Land Assessment
£1,297,495
Improvements Assessment
£1,400,884
Total Assessment
£2,698,380
  • Listing ID: 31048428

  • Date on Market: 26/02/2024

  • Last Updated:

  • Address: 28801-28829 US Hwy 19 N, Clearwater, FL 33761

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