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    2.67-Acre Redevelopment Site on US-19 Title is generated by Realmo AI

    28910 US HIGHWAY 19, Clearwater, FL 33761

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    Claim this Listing
    For Sale
    $1,900,000

    2.67-acre redevelopment site with high traffic and income potential.

    Property size:
    7,932 SF
    Price / SF:
    $239/SF
    Added:
    Apr 29, 2025
    Days on Market:
    412
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 28910 US HIGHWAY 19

    General Information

    Standard status
    Active
    Size
    7,932 SF

    Building Details

    Year Built
    1985

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    Listing Contact
    MARK GANIER

    Listing agent MARK GANIER

    Listing office RE/MAX REALTEC GROUP INC

    Listing date Apr 29, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX REALTEC GROUP INC

    HighLights

    • Prime 2.67‑acre redevelopment site on U.S. Highway 19 N.
    • CP Zoning suitable for various uses: restaurant, shopping complex, hotel, medical offices, healthcare facility, or doggie day‑care.
    • High traffic location: 90,000 trips per day on U.S. Highway 19.
    • Existing 9,376 SF restaurant building on site.
    • Billboard on property generates monthly income.
    • Survey and Engineering Documentation available to qualified buyer.

    Overview

    This 2.67-acre redevelopment site is located on U.S. Highway 19 N. The property is zoned CP and suitable for a specialty destination restaurant, shopping complex, mid-sized hotel, medical offices, healthcare facility, or doggie day-care center. There is currently a 9,376 SF restaurant building on the site. U.S. Highway 19 experiences a high traffic volume of 90,000 trips per day. A billboard on the property generates monthly income. Survey and engineering documentation for the site relating to the U.S. Highway 19 reconstruction are available to a qualified buyer.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $152.3k $19.20
    − Vacancy −$6.9k −$0.86
    EGI $145.4k $18.34
    − OpEx −$36.4k −$4.58
    NOI $109.1k $13.75
    7,932 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.56M
    $1.36M – $1.82M (±1% cap)
    NOI $109,081 @ 7.0% cap · market cap 5.74%
    Second Best
    Retail
    $1.36M
    $1.19M – $1.58M (±1% cap)
    NOI $94,946 @ 7.0% cap · market cap 5.00%
    Theoretical Best
    Office A
    $2.23M
    $1.95M – $2.60M (±1% cap)
    NOI $155,777 @ 7.0% cap · market cap 8.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7389
    Latitude
    28.035

    FAQs

    What type of property is this?
    Commercial land - 2.67-acre redevelopment site with high traffic and income potential.
    Where is this commercial land located?
    The property is located at 28910 US HIGHWAY 19 Clearwater, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Prime 2.67‑acre redevelopment site on U.S. Highway 19 N.; CP Zoning suitable for various uses: restaurant, shopping complex, hotel, medical offices, healthcare facility, or doggie day‑care.; High traffic location: **90,000 trips per day** on U.S. Highway 19.
    More about this property
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