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Redevelopment Play in Booming Tampa Florida MSA

31650 US Highway 19 North, Palm Harbor, FL, USA Map
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PRIME Former Vacant Pier 1 with Huge Traffic Counts in Palm Harbor FL (Tampa MSA)

Listing Price $1,700,000

Status Closed
Lease Type N/A
GLA (Sq. Ft.) 8,000
Increases None
Options None
State (BOR) FL
Broker of Record Ryan Nee
License # (BOR) BK3154667

Investment Highlights

Subject Property is a Freestanding Building Renovated in 2017 with 8,000-Square-Feet of GLA on a 1.03-Acre Lot | Features Pylon Signage

Heavily Traveled, Highly Visible | Situated Along Six-Lane Highway U.S. 19 Corridor with Tremendous Traffic Counts of Over 80,000 VPD as of 2017

Strong Location Fundamentals | Subject Offers Investor the Opportunity to Own in One of Florida’s Most Populated and Tourist-Oriented Areas: Tampa Bay

Convenient Location Only Three Miles from Gulf of Mexico Coast | Over Six Million Tourists Visit Clearwater Beaches Annually

Nearby Retailers Include: Havertys Furniture, Habitat for Humanity ReStore, Ferman BMW, Harbor Freight Tools, Honda, CubeSmart Self Storage, McDonald’s, Publix, Chase Bank, Walgreens, Advance Auto Parts, Petco, and More

Subject Located 20 Minutes from Saint Petersburg-Clearwater International Airport and 30 Minutes from Tampa International Airport

Subject is Located Eight Miles North of Clearwater, Twenty Miles North of St. Petersburg and Twenty Miles West of Tampa | Florida is a No Income Tax State

Affluent Suburban Communities | Over 91,000 Households within 5 Miles, with an Average Household Income that Exceeds $89,000 in a One-Mile Radius

Strong Demographics with a 2020 Population Estimate of Over 198,000 within a Five-Mile Radius

Subject is Neighbored by Harbor Hills Residences and Twin Lakes Apartment Complex with 260 Units

Subject is Located 22 Miles West from the University of South Florida, the Fourth Largest University in the State, with a Student Enrollment of Over 50,000 in 2020

Subject is Located 22 Miles West from Busch Gardens Tampa Bay, a 335-Acre Theme Park with 27 Attractions, Nine Roller Coasters, Safaris and More

Investment Overview

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

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