34900 Us Highway 19Palm Harbor, FL 34684

Property Details for 34900 Us Highway 19

Year built

1983

Construction

CONCRETE BLOCKS

Lot size

0.64 AC

Property size (Sq ft)

5,468 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

31-27-16-00000-340-0130

APU

312716000003400130

Description

This vacant restaurant property, located at 34900 US Hwy 19 N in Palm Harbor, Florida (zip code 34684), presents a unique opportunity for QSR or restaurant businesses. The 0.64-acre lot boasts 5,479 square feet of building space, offering excellent visibility along US Hwy 19, a major thoroughfare with over 94,000 vehicles passing daily. The property is an outparcel to The Fountains Plaza, an 83,000+ square foot neighborhood center with approximately 30 retail tenants. This prime location benefits from a growing healthcare and retirement community, including the Oakpark Health & Rehab Center (180 beds) and St. Mark Village (316-unit assisted living facility). The area is a major retail and entertainment hub, with over 4.1 million square feet of retail inventory within a 3-mile radius, including high-traffic centers like Alderman Plaza, Riviere Plaza, and Coral Landings Plaza, which collectively receive millions of visits annually. Furthermore, the property's proximity to Innisbrook Resort, host of the PGA Tour's Valspar Championship, adds to its appeal. The location is also served by one of Florida's largest school districts, with over 104,000 students and 5,803 teachers in the Pinellas County school system. This exceptional location offers significant potential for a thriving food service business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,667,036

  6.5%

  $1,538,802

  7%

  $1,428,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,519,588

  Geo Method

  $1,519,588

• Alternative Use

  Use

  Valuation

  Residential

  $1,298,037

  Hospitality

  $1,188,995

  Educational

  $989,230

  Medical

  $1,023,251

  Retail

  $1,538,802

Location Insight

City

Palm Harbor

County

Pinellas

State

Florida

Latitude

28.089

Longitude

-82.74

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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