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Highway 19 Redevelopment Opportunity

28910 US HIGHWAY 19 N, Clearwater, FL 33761

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For Sale

$1,900,000

2.67-acre redevelopment site on U.S. Highway 19 N.

Type:Commercial

Property size:

7,932 SF

Lot size:

2.67 Acres

Price / SF:

$239/SF

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.
Existing 9,376 SF restaurant building on site.
Billboard on property generates monthly income.
Survey and Engineering Documentation available.

We can help!

Listing Contact

MARK GANIER

For Sale

$1,900,000

2.67-acre redevelopment site on U.S. Highway 19 N.

Type:Commercial

Property size:

7,932 SF

Lot size:

2.67 Acres

Price / SF:

$239/SF

Added:: Apr 29, 2025
Days on Market:: 407
Last Refresh:: May 11 at 1:30 am

Property Features for 28910 US HIGHWAY 19 N

General Information

Standard status: Active
Size: 7,932 SF
Lot size: 2.67 Acres
Property subtype: Commercial

Building Details

Year Built: 1985

We can help!

Listing Contact

MARK GANIER

Listing agent MARK GANIER License #201

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.
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.
Existing 9,376 SF restaurant building on site.
Billboard on property generates monthly income.
Survey and Engineering Documentation available.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$206.5k	$26.04
− Vacancy	−$15.9k	−$2.01
EGI	$190.6k	$24.03
− OpEx	−$47.7k	−$6.01
NOI	$143.0k	$18.03

7,932 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.04M

$1.79M – $2.38M (±1% cap)

NOI $142,984 @ 7.0% cap · market cap 7.53%

Second Best

Specialty Retail

$1.56M

$1.36M – $1.82M (±1% cap)

NOI $109,081 @ 7.0% cap · market cap 5.74%

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

Location Insight

Map
Local Demand

City: Clearwater
County: Pinellas
State: Florida
Longitude: -82.7389
Latitude: 28.035

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For sale
Commercial land
FL
Clearwater
33761
28910 US HIGHWAY 19 N

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.

28910 US HIGHWAY 19 N, Clearwater, FL 33761

2.67-acre redevelopment site on U.S. Highway 19 N.

Property Features for 28910 US HIGHWAY 19 N

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Consolidated Office Condominium Suite

Clearwater Office on US Highway

Two-Story Office Building with Parking

Downtown Clearwater Professional Office Condo

Clearwater Multifamily Investment Opportunity

Clearwater Office Building For Sale

Renovated Commercial Building in Clearwater

Turnkey Warehouse and Storage Facility

Clearwater Stand Alone Office Building

Clearwater Mixed-Use Development Opportunity

Iconic Office Building For Sale

Clearwater Commercial Building For Sale

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