Professional Office Building

248 US Hwy Alt 19 N Palm Harbor, FL 34683

248 US Hwy Alt 19 N, Palm Harbor, FL, 34683
248 US Hwy Alt 19 N, Palm Harbor, FL, 34683
FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$899,900
Last Verified:
Apr 26, 2019

Highlights


Description

Income Property! Currently space for OWNER/USER at 2889 SF. The rest is income, and leased. Three Front facing units for professional office, flexible space. Currently available for owner occupant or tenant primary Space A is a 2889 SF executive space with seven offices and a trayed ceiling conference room, print room and breakroom, two handicap baths (one with shower) and reception space. Space B is currently leased 714 SF, two offices, reception area and bathroom (verify). Space C is 1132 SF currently leased three offices, one conference room, one reception area and two bathrooms.
This modern building has large windows for bright natural light, a shaded lot, interior quality finishes including trayed ceilings, wains-coating in conference room, additional trimwork around widows, leaded glass entry door, transom, raised panel doors, high ceilings, and large office spaces.
Leases up at a 7.49 CAP Rate for Investment income at full occupancy, with additional upside potential to reach market rents. Currently Modified Gross avg $12.33 per square foot, with upside potential to $16 per square foot leases (see rent roll).

Flex Space Available for new tennant investment income, or owner occupant.

Busy secondary thoroughfare Alt Us Hwy 19 running North to South along the Beaches. Surrounding area of services for Visitors and a Tourist Corridor along with Neighborhoods and supporting businesses, Professional Office Practices, Medical, Dentist, Executives and Small Business are ideal for this location in Palm Harbor Florida. Nearby are Restaurants, Retail, Specialty and the Famous Downtown Main Street Corridor. Palm Harbor is known for is A rated Schools, and is a most desirable place to live, work and play. Downtown events and festivals, along with Parks and Beaches are nearby.
Part of popular Pinellas County, many small town and popular cities connect along the Gulf Coast. Clearwater-St. Petersburg are the major MSA's. World Famous Beaches and Destinations and well known international Headquarters bring business and residents to the area.
Downtown Tampa and its International Airport are a short 35 minute drive away. Tampa Florida is homes to nightlife, arenas, professional sports teams, and is one of the top Metropolises in the State of Florida. This area is well named as Florida's Suncoast.


Year Built: 2001
Building Size: 5310.0sq ft
Building Class: A
Lot Size: 0.52 acres

Units for Lease

248 Alt US Hwy 19 Suite A
Space Available: 2889 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $16.0

Map of 248 US Hwy Alt 19 N, Palm Harbor, FL, 34683

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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