31541 Us Highway 19Palm Harbor, FL 34684

Property Details for 31541 Us Highway 19

Year built

1985

Construction

CONCRETE BLOCKS

Lot size

1.26 AC

Property size (Sq ft)

12,471 SF

Property type

Retail space

APN

07-28-16-00000-430-0110

APU

72816000004300110

Description

This 12,300-square-foot freestanding commercial building in Palm Harbor, Florida, presents a unique redevelopment opportunity for owner-users. Located at 31541 US Hwy 19 N, this single-story, 1985-built structure sits on a 1.263-acre lot zoned CP - Commercial Parkway. The property is currently vacant and offers significant potential for various uses, including storefront, medical office, or traditional office space. Boasting excellent visibility and accessibility with direct frontage on US Highway 19, it benefits from high daily traffic counts (76,000 vehicles per day, per FDOT) and ample parking (5 spaces per 1,000 sq ft). Its strategic location, 1.5 miles north of Countryside Mall, places it within a thriving commercial corridor. The surrounding area boasts a strong demographic profile, with nearly 90,000 people within a three-mile radius and an average household income exceeding $85,000. The asking price is $4,000,000, translating to $325.20 per square foot. This property is for sale by owner and represents a rare chance to acquire a prime commercial asset in a high-demand location. Pylon signage is available.

• CAP approach

  CAP return

  Valuation

  6%

  $3,802,048

  6.5%

  $3,509,583

  7%

  $3,258,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,465,761

  Geo Method

  $3,465,761

• Alternative Use

  Use

  Valuation

  Residential

  $2,960,464

  Hospitality

  $2,711,770

  Educational

  $2,256,160

  Medical

  $2,333,753

  Retail

  $3,509,583

Location Insight

City

Palm Harbor

County

Pinellas

State

Florida

Latitude

28.0592

Longitude

-82.7382

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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