Turn key retail stripcenter located in the heart of Downtown Palm Harbor on busy Alternate 19. This 5,750 square foot multi tenant property is 100 percent occupied with triple net leases in place and quality tenants, offering immediate stabilized income in one of Pinellas County’s most desirable and rapidly growing communities.
Built in 2004 and renovated in 2024, the property has undergone significant capital improvements including a new roof in 2023, three new AC units in 2024, and updated gutters. The center offers approximately 200 feet of frontage on a busy highway with over 20,000 average vehicles per day, strong street signage, and 25 parking spaces. Zoned C-1 and situated on approximately 0.63 acres, the asset benefits from a high income demographic and dense surrounding population.
This value add opportunity includes an unfinished second floor with the potential to add approximately 3,000 additional rentable square feet, subject to buyer verification with local authorities. Expanding the upper level could significantly increase rental income and overall asset value. The property is professionally maintained with an HOA managing common areas, parking, trash removal, and grounds.
With a current cap rate of 7.00 percent and strong occupancy, this Downtown Palm Harbor stripcenter presents a rare opportunity to acquire a well maintained, income producing retail asset in a high barrier to entry market.
