RIPCO Real Estate is pleased to offer for sale Palm Harbor Place, a ±42,738 SF multi-tenant commercial property on the southeast corner of the signalized intersection
of Tampa Rd and US Alt 19 in Palm Harbor, FL. The plaza is comprised of a ±27,938 SF box space available for an anchor tenant, and six other smaller bays. The center is
vacant, giving the new owner the ability to control the property’s composition and renovations. Through executing a value-add leasing strategy, this asset has a stabilized
cash flow in excess of $750,000, providing strong upside for owners. Palm Harbor Place is located in a densely populated residential district, with a population of over
11,000 in a 1-mile radius and over 30,000 homes within a 3-mile radius. This stretch of US Alt 19 where the property is located has an AADT of 20,000.
The asset is an attractive opportunity for investors looking to acquire a value-add multi-tenant center, control the configuration of the lease up process to activate the
center, and own an asset in Pinellas County, the most densely populated county in Florida.