$1,375,000

19206 Us Highway 19 N

CLEARWATER FL, 33764

Description

Prime Investment opportunity for corner car lot on US Highway 19 lease to USA Auto Sales which have over 30 locations throughout the South East. This triple-net leased facility contains 1.26 AC MOL and a 5,541 SF building containing a reception area, kitchen, break-room/conference room, 3 covered detail bays, 3 garage bays/workshops, and a server room. This is an excellent 1031 exchange with future upside of redevelopment along the US Highway 19 Corridor. The initial lease term is 5 years with two five year options. New 314 Unit Apartment Complex under construction just to the North. The current NOI is $87,472 per year with a 6.36% CAP.

Details

MLS#T3280149
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1968
Days On Site124

Features

SQ Feet4,377
Story(s)1
Acreage1.26
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Area Information
StateFL
CountyPinellas
CityCLEARWATER
Zip Code33764
Area33764 - Clearwater
Listing VS Median (in 33764)
Price:
$1,375,000
low | high
Med:
$248,500
100% of Average
SqFt:
4,377
low | high
Med:
753
100% of Average
$ / SqFt:
$314
low | high
Med:
$82
100% of Average
On Site:
124
low | high
Med:
434
28.571428571429% of Average
Sourced by Back At You
Listing Updated: April 1, 2021 12:00:32 AM PDT
William Kochenour III LogoMLS Number: T3280149
Listing Provided By:
William Kochenour III  of  SANTEK MANAGEMENT LLC

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