2.67-Acre Redevelopment Site on
28910 US HIGHWAY 19 N Clearwater, FL 33761
28910 US HIGHWAY 19 N, Clearwater, FL, 33761
$1,900,000
Pending
For Sale
$1,900,000
Pending
2.67-acre redevelopment site suitable for various commercial uses.
Property Size9,376 SF
Lot Size2.67 Acres
Days on Market134
Property Features for 28910 US HIGHWAY 19 N
General Information
- Standard status
- Pending
- Size
- 9,376 SF
- Lot size
- 2.67 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing agency
RE/MAX REALTEC GROUP INC
(727) 403-5611
Listed by
Mark Ganier · License #201
(727) 403-5611
Source
Elliman
Added: Mar 11 Updated: Jul 10 at 3:49PM Checked: Jul 21 at 6:07AM
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
Investment Insights
Based on property information with market context.
This 2.67-acre redevelopment site is located on U.S. Highway 19 N. The property currently features a 9,376 square foot restaurant building, formerly Hamburger Mary’s Bar & Grille. The CP Zoning is suitable for a specialty destination restaurant or shopping complex, a mid-sized hotel, medical offices, healthcare facility, doggie day-care center, or similar uses. U.S. Highway 19 is a busy north/south highway with a traffic volume of 90,000 trips per day. Survey and engineering documentation for the site relating to the U.S. Highway 19 reconstruction are available to a qualified buyer. There is a billboard on the property that generates monthly income, and a copy of the lease is available upon signing a non-disclosure document.
Key Highlights
- Prime 2.67‑acre redevelopment site on U.S. Highway 19 N.
- High traffic location: 90,000 trips per day on U.S. Highway 19.
- CP Zoning suitable for various uses: restaurant, shopping complex, hotel, medical offices, etc.
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 | $180.0k | $19.20 |
| − Vacancy | −$8.1k | −$0.86 |
| EGI | $171.9k | $18.34 |
| − OpEx | −$43.0k | −$4.58 |
| NOI | $128.9k | $13.75 |
9,376 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,939 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,136 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 2.67-acre redevelopment site suitable for various commercial uses.
Where is this commercial land located?
The property is located at 28910 US HIGHWAY 19 N 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.; High traffic location: 90,000 trips per day on U.S. Highway 19.; CP Zoning suitable for various uses: restaurant, shopping complex, hotel, medical offices, etc.
