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Retail Plaza on US Highway

29811-29835 US HIGHWAY 19 N Clearwater, FL 33761

29811-29835 US HIGHWAY 19 N, Clearwater, FL, 33761

$2,200,000

For Sale

$2,200,000

Retail plaza with high traffic and stable cash flow.

Property Size8,650 SF

Lot Size0.96 Acres

Price / SF$254.34

AddedFeb 11, 2025

Days on Market519

Last RefreshJul 4 at 9:30 am

Property Features for 29811-29835 US HIGHWAY 19 N

General Information

Standard status: Active
Size: 8,650 SF
Lot size: 0.96 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1979

Listing office HIGH POINT REALTY INC

Listing date Feb 11, 2025

Source Exitrealty

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 HIGH POINT REALTY INC

Investment Insights

Based on property information with market context.

This competitively priced retail plaza is strategically located with excellent exposure on US Highway 19, near Curlew Road. The property includes 10 units and a freestanding outparcel restaurant, with ample parking situated on nearly 1 acre. The location benefits from a high traffic count, exceeding 76,000 cars per day. It is situated in the Metro Tampa Bay area, north of Countryside Mall, within the commercial hub of Clearwater-Dunedin-Palm Harbor. The property features a solid tenant base and stable cash flow. The property size is 8650 square feet.

Key Highlights

Excellent exposure on US 19 with high traffic count (over 76,000 cars/day).
Strategically located near Curlew Road and Countryside Mall in a thriving commercial hub.
Stable cash flow with a solid tenant base.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$155.7k	$18.00
− Vacancy	−$7.8k	−$0.90
EGI	$147.9k	$17.10
− OpEx	−$44.4k	−$5.13
NOI	$103.5k	$11.97

8,650 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,541 @ 7.0% cap · market cap 4.71%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.43M

$2.12M – $2.83M (±1% cap)

NOI $169,878 @ 7.0% cap · market cap 7.72%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

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Countryview Center — 30345 US Hwy 19 N, Clearwater, FL 33761, United States
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For sale
Shopping centers
FL
Clearwater
33761
29811-29835 US HIGHWAY 19 N

What type of property is this?

Shopping center - Retail plaza with high traffic and stable cash flow.

Where is this shopping center located?

The property is located at 29811-29835 US HIGHWAY 19 N Clearwater, FL.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Excellent exposure on US 19 with high traffic count (over 76,000 cars/day).; Strategically located near Curlew Road and Countryside Mall in a thriving commercial hub.; Stable cash flow with a solid tenant base.