Highway 19 Redevelopment
For Sale
$1,900,000
Pending
28910 US HIGHWAY 19 N, Clearwater, FL 33761
2.67-acre redevelopment site on U.S. Highway 19 N.
Property Size7,932 SF
Lot Size2.67 Acres
Days on Market460
Property Features for 28910 US HIGHWAY 19 N
General Information
Standard status
Pending
Size
7,932 SF
Lot size
2.67 Acres
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
RE/MAX REALTEC GROUP INC
(727) 789-5555
Listed By:
MARK GANIER · License #BK536738
Source:
Corcoran
Added: Apr 29, 2025
Changed: Jul 6
Last Checked: Jul 31 at 5:18AM
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. CP Zoning allows for a specialty destination restaurant or shopping complex, a mid-sized hotel, medical offices, healthcare facility, or doggie day-care center, or similar uses. U.S. Highway 19 experiences a high 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. A billboard on the property 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.
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
—
—
no second resolved use
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
1,681
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 on U.S. Highway 19 N.
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.
