2.67-Acre Redevelopment Site on
For Sale
$1,900,000
28910 US HIGHWAY 19, Clearwater, FL 33761
2.67-acre redevelopment site with high traffic and income potential.
Property Size7,932 SF
Price / SF$239.54
Days on Market461
Property Features for 28910 US HIGHWAY 19
General Information
Standard status
Active
Size
7,932 SF
Taxes and HOA fees
Annual Taxes
$28,383
Building Details
Year Built
1985
Listing Agency:
RE/MAX REALTEC GROUP INC
Listed By:
MARK GANIER
Source:
Corcoran
Added: Apr 29, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 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.
Key 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.
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
NOI $109,081 @ 7.0% cap · market cap 5.74%
Second Best
Retail
$1.36M
$1.19M – $1.58M
NOI $94,946 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,777 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 33761, FL
18,761
Population
9,829
Households
1.9
Avg Household Size
54
Median Age
38%
College-Educated
94%
High-School Grad
5.1 sq mi
ZIP Area
3,679
Density / Sq Mi
$71,839
Median Household Income
$50,110
Median Earnings
$1,711
Median Rent
$271,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
