19206 Us Highway 19 N, CLEARWATER

$1,375,000

Active

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0 Beds
0 Baths
0 Sqft
1.26 Acres
0 Garages

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.

Essential Information
MLS® # T3280149
Price $1,375,000
Acres 1.26
Year Built 1968
Type Commercial Sale
Sub-Type Retail
Status Active
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Neighborhood Information for 19206 Us Highway 19 N

Nearby Military Facility(ies), Stable Population, Low Residential Turnover, Coastal Area, Suburb of Tampa

Weather

  • Highs

    • January 70.10℉
    • July 89.70℉
  • Lows

    • January 52.40℉
    • July 75.30℉
  • rain icon

    Precipitation

    • 44.77"
   
Great Schools School Name Distance  

Oak Grove Middle School

Public - 6th Grade to 8th Grade - Closest Middle School
0.9 Miles

Plato Academy Clearwater

Public - Preschool to 8th Grade
1 Miles

Clearwater Central Catholic High School

Catholic - 9th Grade to 12th Grade - Closest High School
1.2 Miles

Belcher Elementary School

Public - Preschool to 5th Grade - Closest Elementry School
1.4 Miles

Eisenhower Elementary School

Public - Preschool to 5th Grade
1.6 Miles

Plumb Elementary School

Public - Preschool to 5th Grade
1.6 Miles

Hospital/homebound

Public - Preschool to 12th Grade
1.6 Miles

School data provided by GreatSchools

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on January 24th, 2021 at 6:43am EST.