2.67-Acre Redevelopment Site on
28910 US HIGHWAY 19, Clearwater, FL 33761
For Sale
$1,900,000
2.67-acre redevelopment site with high traffic and income potential.
Property Size7,932 SF
Price / SF$239.54
Days on Market560
Property Features for 28910 US HIGHWAY 19
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
RE/MAX REALTEC GROUP INC
Listed By:
MARK GANIER
Source:
Corcoran
Added: Apr 29, 2025
Changed: Mar 16
Last Checked: Jul 6 at 12:56PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$109,081
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,181,620
$2.2M
Cap Rate 7%
$1,558,300
$1.6M
Cap Rate 9%
$1,212,011
$1.2M
Market Conditions
NOI Build-Up for 7,932 SF
Gross rent
$152.3K $19.20/SF
− Vacancy
−$6.9K −$0.86/SF
EGI
$145.4K $18.34/SF
− OpEx
−$36.4K −$4.58/SF
NOI
$109.1K $13.75/SF
Area
Clearwater, FL
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,181,620
Cap Rate 7%
$1,558,300
Cap Rate 9%
$1,212,011
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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
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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
$271,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Commercial land in Clearwater, FL
Properties on Market for Commercial land in Clearwater
Vacancy Rate% for Retail in South region
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.
