727-452-6864
198 Alt 19, Palm Harbor, FL for Sale
Freestanding - FOR SALE
1/6
null | Request Cap Rate

198 Alt 19
Palm Harbor, FL 34683


HIGHLIGHTS

  • Palm Harbor Place is comprised of a ±27,938 SF box space and six other smaller bays
  • The center is vacant, allowing a new property owner the ability to control the property’s composition and renovations
  • Roof replaced in 2018
  • Big box spaces very rarely become available, giving owners a unique opportunity to select an anchor tenant
  • Vacancy rate of 5.7% in the Northern Pinellas market and 3.8% in the Tampa MSA driven by high local demand and limited available space
  • C-2 zoning (Pinellas County) provides a wide variety of potential uses, with higher intensity allowed than typical C-1 zoning

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Harbor Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

4.19 AC

LAND SF

182,516 SF

ZONING

C-2

APN/PARCEL ID

11-28-15-00000-130-0100

ASK ABOUT THIS PROPERTY

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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Ari RaviRIPCO Real EstateMore Info
727-452-6864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.