28801 Us Highway 19Clearwater, FL 33761

This exceptional Clearwater, Florida shopping center presents a compelling investment opportunity. Boasting 35,520 square feet of retail space, the multi-tenant property enjoys a remarkable 96% occupancy rate, generating a strong net operating income (NOI) of $461,350 and a 7.30% capitalization rate. The asking price is $6,319,860, translating to an attractive price per square foot of $177.92. Situated on US Hwy 19 N, the property benefits from over 900 feet of frontage and high daily traffic exceeding 75,000 vehicles. Ample parking is provided, with a ratio of 3.9 spaces per 1,000 square feet. The property's strong performance is further enhanced by recent improvements, including a 2024 resurfacing of the parking lot. The seller is offering a one-year master lease to support the new owner in leasing any vacant space, ensuring immediate income and minimizing transition risks. Located in Pinellas County, this stabilized shopping center represents a rare opportunity to acquire a high-performing asset in a desirable Tampa Bay area location. This property offers significant potential for long-term value appreciation and consistent cash flow. The property's address is 28801 US Hwy 19 N, Clearwater, FL 33761.