25000 US HIGHWAY 19 N, CLEARWATER, FL 33763 (MLS # U8082076)

Price $1,450,000
Status Active
Size 18,068 sqft
Lot Size 1.58 ac
Days on Market 81
PRICE DRAMATICALLY REDUCED*****This fantastic strip center is located on U.S. 19 Near both Countryside and Clearwater Mall. This is a fantastic opportunity to purchase a retail strip center at a fantastic price. With ample parking for customers and commercial vehicles this is the perfect investment or an owner operator looking to occupy one building and lease out the other. Extremely low rental rates in place which give the buyer a massive upside! The ability to increase rental rates and obtain a cap rate of almost 10%. With its location, it has an extremely high traffic rate and great visibility. The property consists of a mix of tenants with extremely low rents, making this a fantastic investment opportunity. The current rental rates are severely under market for the area and provide the buyer with a fantastic value add opportunity. A buyer could purchase this strip center and take a portion for their own use. Owner financing available with 50% down and favorable terms. All information deemed accurate but should be verified. Executed NDA required for any additional information. Please do not go to the property or disturb the tenants.
Property Type(s): Commercial
Last Updated 6/25/2020 Year Built 1981
Community 33763 - Clearwater County Pinellas

Price History

Prior to Jun 8, '20 $1,785,000
Jun 8, '20 - Jun 25, '20 $1,575,000
Jun 25, '20 - Today $1,450,000

Additional Details

AIR Central Air
AREA 33763 - Clearwater
LOT 1.58 acre(s)
STYLE Retail
TAXES $19926.73

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