1454-1470 Alt UNIT 1454-1470 Palm Harbor Florida | Home for Sale
To schedule a showing of 1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida, Call David Shippey at 863-521-4517 TODAY!
Palm Harbor, FL 34683
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- 5,750SqFt
- 2004Year Built
- 0.63Acres
- MLS# U8248063
- Commercial
- Retail
- Active
- Approx Time on Market2 months, 26 days
- Area34683 - Palm Harbor
- CountyPinellas
- Subdivision Palm Harbor Estates
Overview
Owner Financing Available With Attractive Terms! Price Reduction. Take advantage of this rare opportunity to own a 6000sf (mol) retail stripcenter in the heart of one of Pinellas Countys most desirable communities, Palm Harbor. This popular stripcenter is located in the Downtown Palm Harbor district on busy hwy alternate 19, close to dozens of thriving businesses which includes restaurants, coffee shops, breweries, retail shops and much more. The Downtown Palm Harbor district is growing rapidly and will soon be the next downtown Dunedin. Barrier to entry into this market is high now and will only be more difficult in the near future. A high income demographic and dense local population with over 20,000 average vehicles per day provides strong support for any retail and/or office in the stripcenter. Capital expenditure includes over $75,000 for a new roof in November 2023, $25,000 for three new AC units in January 2024 and $8,000 for new gutters in June 2019. The property is pristine with excellent maintenance history. There is an HOA in place which manages the common areas, parking lot, trash removal and grounds. See HOA fees in offering memorandum.There is huge upside potential. Increasing the below market base rents and charging triple net fees (which only one of the current tenants pay) will significantly increase income. Increasing triple net fees alone will increase the revenue by almost $33,000 annually. Base rents can be increased accordingly. See proforma attached, with other associated financial, comp and related due diligence documentation.The second floor is currently unfinished. Investment into finishing the second floor of the stripcenter can increase the rentable square footage by approximately 3000 additional square feet. It is buyers sole responsibility to confirm with local authorities about regulations, requirements and ability to expand the rentable square footage on the second floor. X500 flood zone only requires minimum flood coverage.
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Community Features: Sidewalks
Senior Community: No
Hoa Fees Frequency: SemiAnnually
Association: ,No,
Hoa Fees: 3190
Bathroom Info
Building Info
Roof: Shingle
Building Area Source: PublicRecords
Business Info
Buyer Compensation
Exterior Features
Pool Private: No
Financial
Gross Scheduled Income: 182,390
Net Operating Income: 121,993
Original Price: $2,450,000
Garage / Parking
Open Parking: No
Parking Features: ParkingSpaces
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace: No
Floors: Laminate, Vinyl
Spa: No
Lot Info
Direction Remarks: Take Nebraska or Tampa Rd West. Take Alt 19 North for approximatley 1 mile. Stripmall on your right.
Lot Size Units: Acres
Lot Size Acres: 0.63
Lot Sqft: 27,273
Road Frontage Type: CityStreet, Highway
Other
Special Conditions: None
Other Rooms Info
Basement: No
Property Info
Habitable Residence: ,No,
Section: 01
Class Type: Retail
Property Sub Type: Retail
Property Condition: NewConstruction
Property Attached: No
New Construction: No
Construction Materials: Block
Total Stories: 1
Mobile Home Remains: ,No,
Foundation: Slab
Home Warranty: ,No,
Human Modified: Yes
Sqft Info
Sqft: 5,750
Bulding Area Sqft: 7,124
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,023
Tax Lot: 5
Tax Legal Description: PALM HARBOR ESTATES BLK 48, PT OF LOTS 3, 4, 5 & 6 DESC FROM SW COR LOT 5 FOR POB TH N 250FT TH E 15.82FT TH S 42.37FT TH E 128.18FT TH S 165.27FT TH W 77.82FT TH S 42.37FT TH W 66.18FT TO POB (MAP N02-28-15)
Tax Block: 48
Tax Annual Amount: 14319.45
Tax Book Number: 18-43
Unit Info
Rent Controlled: No
Unit: 1454-1470
Utilities / Hvac
Electric On Property: ,No,
Heating: HeatPump
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir
Cooling: Yes
Heating: Yes
Utilities: MunicipalUtilities, WaterConnected
Waterfront / Water
Waterfront: No
View: No
Directions
Take Nebraska or Tampa Rd West. Take Alt 19 North for approximatley 1 mile. Stripmall on your right.This listing courtesy of Viewpoint Realty Int'l Inc
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identify prospective properties consumer may be interested in purchasing. Any information relating
to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX)
program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE REALTY, INC, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 09-21-2024 2:02 AM EST.
If you have any questions on 1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida, please call David Shippey at 863-521-4517.
MLS# U8248063 located at 1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida is brought to you by David Shippey REALTOR®
1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida is U8248063.
The price for 1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida is $2,200,000.
The status of 1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida is Active.
The subdivision of 1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida is Palm Harbor Estates.
The home located at 1454-1470 Alt UNIT 1454-1470, Palm Harbor, Florida was built in 2024.
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