1454 Us-19 AltPalm Harbor, FL 34683

This exceptional retail strip center, located at 1454 US-19 ALT in Palm Harbor, Florida (34683), presents a compelling value-add investment opportunity. The 5,750 square foot property, built in 2004 and extensively renovated in 2024, boasts a prime location on a busy highway with 200 feet of frontage. Currently housing four tenants with 100% occupancy, generating a pro-forma NOI of $125,173 and a 5.69% pro-forma cap rate, this property offers significant upside potential. Recent capital expenditures include a new roof (November 2023), three new AC units (January 2024), and new gutters (June 2019), totaling over $118,000 in improvements. The property features 25 parking spaces and sits on a 0.63-acre lot, zoned C-1. The two-story building offers a unique opportunity to expand rentable space by finishing the currently unfinished second floor (approximately 3,000 additional square feet – buyer to verify with local authorities). The property is managed by an HOA responsible for common areas, parking lot maintenance, trash removal, and landscaping. Lease terms are gross, with multi-tenant occupancy. Detailed rent rolls and lease options are available upon request. The asking price is $2,200,000 ($382.61/sq ft). This property is fee simple ownership. The strong tenant base, high traffic count, and potential for expansion make this a truly remarkable investment opportunity in a rapidly growing market.