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Single-Tenant Vacant-User

Former Vacant Pier 1

31650 US-19, Palm Harbor, FL 34684

Listing Price: $1,950,000

Cap Rate
8.00%
Tenant Name
None
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$243.75
Lease Type
Absolute Net

Investment Overview

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in build-to-suit former Pier 1 Imports delivered vacant. The investment is located at 31650 US Highway 19 N, Palm Harbor, FL 34684 (the “Property”). Built in 1998, and updated in 2017, the Property comprises a +/- 8,000 SqFt building on a highly visible +/- 1.03-acre parcel, that is strategically positioned to be easy to access for over 80,000 vehicles per day along US Highway 19 surrounded by retail, residential and other commercial development. The Property benefits from it’s highly visible location, easy accessibility, and convenient location in a strong commercial and residential area located in Palm Harbor, Florida. The area is dense, located within 5 miles of 20 minutes of Saint Petersburg-Clearwater International Airport, 8 miles north of Clearwater, 20 miles north of St. Petersburg, and 26 miles west of Tampa. The population within 5 miles of the subject is 198,000 people, the average household income within five miles of subject is over $83,000 with over 91,000 households.

Investment Highlights

  • Subject Property is a Freestanding Building Renovated in 2017 with 8,000-Square-Feet of GLA on a 1.03-Acre Lot | Features Pylon Signage
  • Heavily Traveled, Highly Visible | Situated Along Six-Lane Highway U.S. 19 Corridor with Tremendous Traffic Counts of Over 80,000 VPD as of 2017
  • Strong Location Fundamentals | Subject Offers Investor the Opportunity to Own in One of Florida's Most Populated and Tourist-Oriented Areas: Tampa Bay
  • Convenient Location Only Three Miles from Gulf of Mexico Coast | Over Six Million Tourists Visit Clearwater Beaches Annually
  • Nearby Retailers Include: Havertys Furniture, Habitat for Humanity ReStore, Ferman BMW, Harbor Freight Tools, Honda, CubeSmart Self Storage, McDonald's, Publix, Chase Bank, Walgreens, Advance Auto Parts, Petco, and More
  • Subject Located 20 Minutes from Saint Petersburg-Clearwater International Airport and 30 Minutes from Tampa International Airport
  • Subject is Located Eight Miles North of Clearwater, Twenty Miles North of St. Petersburg and Twenty Miles West of Tampa | Florida is a No Income Tax State
  • Affluent Suburban Communities | Over 91,000 Households within 5 Miles, with an Average Household Income that Exceeds $89,000 in a One-Mile Radius

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Single-Tenant Vacant-User

Former Vacant Pier 1

Listing Price: $1,950,000

Cap Rate
8.00%
Tenant Name
None
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$243.75
Lease Type
Absolute Net

Investment Highlights

  • Subject Property is a Freestanding Building Renovated in 2017 with 8,000-Square-Feet of GLA on a 1.03-Acre Lot | Features Pylon Signage
  • Heavily Traveled, Highly Visible | Situated Along Six-Lane Highway U.S. 19 Corridor with Tremendous Traffic Counts of Over 80,000 VPD as of 2017
  • Strong Location Fundamentals | Subject Offers Investor the Opportunity to Own in One of Florida's Most Populated and Tourist-Oriented Areas: Tampa Bay
  • Convenient Location Only Three Miles from Gulf of Mexico Coast | Over Six Million Tourists Visit Clearwater Beaches Annually
  • Nearby Retailers Include: Havertys Furniture, Habitat for Humanity ReStore, Ferman BMW, Harbor Freight Tools, Honda, CubeSmart Self Storage, McDonald's, Publix, Chase Bank, Walgreens, Advance Auto Parts, Petco, and More
  • Subject Located 20 Minutes from Saint Petersburg-Clearwater International Airport and 30 Minutes from Tampa International Airport
  • Subject is Located Eight Miles North of Clearwater, Twenty Miles North of St. Petersburg and Twenty Miles West of Tampa | Florida is a No Income Tax State
  • Affluent Suburban Communities | Over 91,000 Households within 5 Miles, with an Average Household Income that Exceeds $89,000 in a One-Mile Radius

Investment Overview

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in build-to-suit former Pier 1 Imports delivered vacant. The investment is located at 31650 US Highway 19 N, Palm Harbor, FL 34684 (the “Property”). Built in 1998, and updated in 2017, the Property comprises a +/- 8,000 SqFt building on a highly visible +/- 1.03-acre parcel, that is strategically positioned to be easy to access for over 80,000 vehicles per day along US Highway 19 surrounded by retail, residential and other commercial development. The Property benefits from it’s highly visible location, easy accessibility, and convenient location in a strong commercial and residential area located in Palm Harbor, Florida. The area is dense, located within 5 miles of 20 minutes of Saint Petersburg-Clearwater International Airport, 8 miles north of Clearwater, 20 miles north of St. Petersburg, and 26 miles west of Tampa. The population within 5 miles of the subject is 198,000 people, the average household income within five miles of subject is over $83,000 with over 91,000 households.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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