31515 Us Highway 19Palm Harbor, FL 34684

This exceptional investment opportunity presents a 5,500 square foot retail storefront in Palm Harbor, Florida, currently leased to three tenants, including two publicly traded companies. Located at 31515 US Hwy 19 N, this property boasts a prime location on a high-traffic thoroughfare (95,000 vehicles per day) and benefits from strong demographics, including a six-figure average household income within a one-mile radius. The 0.92-acre lot includes 13 parking spaces. Built in 2004, the property offers a modified net lease structure with built-in rent bumps, providing a stable income stream. The current Net Operating Income (NOI) is $89,065, resulting in a 7.00% capitalization rate. The asking price is $1,272,000. The property's strategic location near major retailers such as Publix, Sprouts, Walgreens, Chick-fil-A, and Starbucks, further enhances its value. The property also includes a billboard. The area's robust economy, supported by over 196,000 residents and 78,000 employees within the 5-mile trade area, and proximity to Clearwater, Tampa, and St. Petersburg, contribute to its long-term growth potential. This is a low-maintenance investment with minimal landlord responsibilities, further enhanced by Florida's lack of state income tax. The property is part of a thriving retail corridor and benefits from nearby new developments, including a planned 64-unit townhome project.