$1,375,000

19206 Us Highway 19 N

CLEARWATER FL, 33764

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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 Site43

Features

SQ Feet4,377
Story(s)1
Acreage1.26
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Robert Bussiere

Robert Bussiere

SL3277790 (407) 491-0663Contact Me Form Link
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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:
$170,950
100% of Average
SqFt:
4,377
low | high
Med:
1,275
100% of Average
$ / SqFt:
$314
low | high
Med:
$137
100% of Average
On Site:
43
low | high
Med:
74.500000
57.718120805369% of Average
Listing Updated: January 19, 2021 3:01:13 AM PST
William Kochenour III LogoMLS Number: T3280149
Listing Provided By:
William Kochenour III  of  SANTEK MANAGEMENT LLC

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Robert Bussiere - Coldwell Banker Ackley