31581 Us Highway 19Palm Harbor, FL 34684

Property Details for 31581 Us Highway 19

Year built

1985

Construction

CONCRETE BLOCKS

Lot size

0.57 AC

Property size (Sq ft)

3,692 SF

Property type

Office buildings

APN

07-28-16-00000-430-0100

APU

72816000004300100

Description

This exceptional 3,692 square foot medical office building, located at 31581 US Hwy 19 N in Palm Harbor, Florida (zip code 34684), presents a unique owner/user investment opportunity. Priced at $1,250,000 ($338.57/sq ft), the property is currently vacant and ready for immediate occupancy. Built in 1985 and renovated in 2003, the single-story building sits on a 0.59-acre lot zoned CP - Commercial Parkway. The interior is well-suited for a medical practice, requiring no build-out. Benefit from high visibility thanks to prominent U.S. Highway 19 pylon signage and a daily traffic count of 76,000 vehicles (per FDOT). Ample parking is provided with a 5 spaces per 1,000 square feet ratio. This prime location is just 1.5 miles north of Countryside Mall, in a desirable area with a strong demographic profile and high income levels. The property offers a compelling opportunity for a medical professional seeking a turnkey solution in a high-traffic location. This is a rare chance to establish a thriving practice in a sought-after area of Palm Harbor. The building features one story and is situated in Pinellas County.

• CAP approach

  CAP return

  Valuation

  6%

  $765,704

  6.5%

  $706,803

  7%

  $656,317

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,154

  Geo Method

  $407,154

• Alternative Use

  Use

  Valuation

  Residential

  $876,436

  Hospitality

  $802,811

  Educational

  $667,929

  Medical

  $690,900

  Retail

  $1,039,001

Location Insight

City

Palm Harbor

County

Pinellas

State

Florida

Latitude

28.0592

Longitude

-82.7375

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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