29399 Us Highway 19Clearwater, FL 33761

This three-story, 49,944 square foot Class B office building in Clearwater, Florida, presents a compelling investment opportunity. Located on US Highway 19, a major north-south corridor in Pinellas County, the property boasts a prime location with high visibility and accessibility. Currently 100% leased to five tenants, including the Pinellas County Tax Collector occupying 59% of the gross leasable area, this stabilized investment offers a strong NOI of $592,039 and a 9.40% cap rate. The 3.13-acre lot provides ample parking with 343 spaces, including cross-parking with neighboring businesses. Built in 1986, the building features a gross lease structure and presents a value-add opportunity due to below-market rents and potential upside from percentage rent with one tenant. The property benefits from a dense population (105,045 within a 3-mile radius) and high average household income ($94,792 within a 3-mile radius), further enhancing its investment appeal. The asking price is $6,300,000, translating to $126.14 per square foot. The property is zoned US 19 (Corridor) and offers significant potential for long-term growth and return on investment. The building shares parking easements with neighboring businesses, including an Olive Garden, MidFlorida Credit Union, and a Neuragenex currently under construction. This asset is a fee simple ownership.