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  • MLS#: U8248063 ( Residential )
  • Street Address: 1454-1470 Alt 19 1454-1470
  • Viewed: 534
  • Price: $1,825,000
  • Price sqft: $256
  • Waterfront: No
  • Year Built: 2004
  • Bldg sqft: 7124
  • Garage / Parking Spaces: 2
  • Days On Market: 622
  • Additional Information
  • Geolocation: 28.0814 / -82.7669
  • County: PINELLAS
  • City: PALM HARBOR
  • Zipcode: 34683
  • Subdivision: Palm Harbor Estates
  • Provided by: CHARLES UMPENHOUR, INC.
  • Contact: CHARLES UMPENHOUR (DR)
  • 386-447-4663
  • mfrmls
  • DMCA Notice
  • Description
    PRICE REDUCTION! Take advantage of this rare opportunity to own a 6000sf (mol) retail stripcenter in the heart of one of Pinellas Countys most desirable communities, Palm Harbor. This popular stripcenter is located in the Downtown Palm Harbor district on busy hwy alternate 19, close to dozens of thriving businesses which includes restaurants, coffee shops, breweries, retail shops and much more. The Downtown Palm Harbor district is growing rapidly and will soon be the next downtown Dunedin. Barrier to entry into this market is high now and will only be more difficult in the near future. A high income demographic and dense local population with over 20,000 average vehicles per day provides strong support for any retail and/or office in the stripcenter. Capital expenditure includes over $75,000 for a new roof in November 2023, $25,000 for three new AC units in January 2024 and $8,000 for new gutters in June 2019. The property is pristine with excellent maintenance history. Long term, quality tenants in place. All leases are triple net leases. There is an HOA in place which manages the common areas, parking lot, trash removal and grounds. The HOA is very relaxed and only manages the trash, parking lot resurfacing and other minor things with the shared property. See HOA fees in offering memorandum. The second floor is currently unfinished. Investment into finishing the second floor of the stripcenter can increase the rentable square footage by approximately 3000 additional square feet. It is buyers sole responsibility to confirm with local authorities about regulations, requirements and ability to expand the rentable square footage on the second floor. X500 flood zone only requires minimum flood coverage.
Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Microwave
  4. Range
  5. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 2019-06-19
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Fencing
  1. Full Perimeter
Flooring
  1. Laminate
  2. Tile
Garage Spaces
  1. 2.00
Heating
  1. Central
  2. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Solid Surface Counters
  3. Vaulted Ceiling(s)
Legal Description
  1. Sec25 BL10 LT18
Living Area
  1. 1565.00
Lot Features
  1. Corner Lot
Area Major
  1. 32164 - Palm Coast
Net Operating Income
  1. 0.00
Occupant Type
  1. Owner
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 07-11-31-7025-00100-0180
Possession
  1. Close of Escrow
Property Type
  1. Residential
Road Frontage Type
  1. None
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2018
Utilities
  1. Sewer Connected
  2. Sprinkler Well
  3. Water Connected
Views
  1. 534
Virtual Tour Url
  1. youtu.be/kZi_IMbxEHM
Water Source
  1. Public
Year Built
  1. 1997
Zoning Code
  1. SFR-3