Serendipity Plaza 1 | 28801-28829 US Hwy 19 N
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Serendipity Plaza 1 28801-28829 US Hwy 19 N
11,840 SF 88% Leased Retail Building Clearwater, FL 33761 $6,291,369 ($531/SF) 7.30% Cap Rate
Investment Highlights
- With 900 feet of frontage over US 19 at the core of Pinellas County, with a daily traffic volume exceeding 75,000 cars.
- +60% of the Gross Leasable Area (GLA) has being occupied by tenants who have remained at this location for over 12 years.
- Priced at $177 per square foot, it stands out as the most attractively priced stabilized shopping center in the Tampa Bay area.
- The parking lot has been resurfaced.
Executive Summary
We are pleased to present an exceptional investment opportunity in the vibrant city of Clearwater. Situated in a prime commercial location, this multi-tenant property offers an attractive proposition for discerning investors seeking steady returns and long-term value. With a diverse portfolio of tenants already in place, the property presents immediate income potential. Moreover, its highly competitive price per square foot makes it especially enticing for investors looking to capitalize on the market's potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
11,840 SF
Building Class
B
Year Built
1982
Price
$6,291,369
Price Per SF
$531
Cap Rate
7.30%
NOI
$459,270
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Land Acres
3.88 AC
Zoning
CP - Corporate Park
Parking
48 Spaces
Frontage
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 28805
- 1,480 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 28805 | 1,480 SF | Retail | In-Line | Now |
28805
| Size |
| 1,480 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 19-28-16-00000-130-0400 | Improvements Assessment | $1,775,519 |
| Land Assessment | $1,644,481 | Total Assessment | $3,420,000 |
PROPERTY TAXES
Parcel Number
19-28-16-00000-130-0400
Land Assessment
$1,644,481
Improvements Assessment
$1,775,519
Total Assessment
$3,420,000
-
Alejandro Silbestein -
Natalia Celis -
RESMA, LLC
(786) 364-4500
x213
1 of 38
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Serendipity Plaza 1 | 28801-28829 US Hwy 19 N
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