$835,000
$995,000
16.1%For more information regarding the value of a property, please contact us for a free consultation.
3077 ALT 19 N Palm Harbor, FL 34683
7,480 SqFt
Key Details
Sold Price $835,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,480 sqft
Price per Sqft $111
Subdivision Crystal Beach Heights
MLS Listing ID U8122747
Sold Date 01/31/22
Construction Status Other Contract Contingencies
HOA Y/N No
Year Built 1975
Annual Tax Amount $13,307
Lot Size 0.520 Acres
Acres 0.52
Property Description
Investment Property with a long term tenant who has 5+ years remaining on the corporate lease with a National Auto Part Store. Tenant has exercised their 5 year renewal option (last before lease is renegotiated). Tenant has been at the same property for over 23 years. The building has 2,030 square feet storefront and 5,280 square feet of warehouse space not including the large mezzanine level. Tenant distributes to 24 other stores through this location. Cap rate is 5.4% during the 5 year option period. Tenant pays 75% of the property taxes and all of the utilities. Seller is 86 years old and reducing his investments. HVAC was replaced 4/2011. Building was painted and parking lot repaved in 2016. Metal roof is in good condition. Not in a flood zone area. Building has three overhead doors; one with full size loading dock.
Location
State FL
County Pinellas
Community Crystal Beach Heights
Zoning CP-1
Direction N
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Concrete
Exterior
Garage Parking Spaces - 6 to 12
Utilities Available Public, Water Connected
Roof Type Metal
Building
Story 1
Entry Level Multi/Split
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Metal Siding
New Construction false
Construction Status Other Contract Contingencies
Others
Ownership Sole Proprietor
Special Listing Condition None
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Bought with COLDWELL BANKER RESIDENTIAL