Venetian Plaza

36401 U.S. Highway 19 North | Palm Harbor, FL 

Contact Brokers

James Medefind
First Vice President Investments
James.Medefind@MarcusMillichap.com
(C) 850-228-9400
(O) 813-387-4788
FL #SL3216834

Highlights

  • Stabilized 26,813-Square-Foot Shopping Center

  • Extensive Capital Improvements Completed in Recent Years (Brand New Roof, Brand New Parking Lot, Eleven Brand New HVAC Units!)

  • 96 Percent Occupied by Internet Resistant Tenants with Long Occupancy History

  • Prime Location on US-19 with 72,000 Cars Per Day

  • Densely Populated Area - Over 143,000 People Within a 5-Mile Radius

Description

Marcus & Millichap is pleased to offer Venetian Plaza for sale, a 26,813-square-foot shopping center located in Palm Harbor, FL. The subject property is 96 percent occupied with upside in leasing up the one remaining vacancy. The existing tenants are either medical or serviced based, providing an investor with a stable, internet resistant cash flow stream. Extensive capital has been invested in the property which will enable a new owner to purchase a turn-key, low maintenance investment property. Venetian Plaza is ideally located on U.S. Highway 19, Pinellas county's main North-South thoroughfare, and receives massive exposure from over 72,000 passing cars per day. Venetian Plaza is immediately surrounded by many national retailers including Publix, Walmart, Dunkin', Walgreens, First Watch, LA Fitness and many more. The subject property is also located less than two miles away from Innisbrook, home of the PGA's Valspar Championship. Innisbrook consists of four championship 18-hole golf courses, tennis courts, five restaurants, a spa, and a 4-star hotel.

Location

Palm Harbor is a suburban community in central Pinellas County, which is the most densely populated county in all of Florida. There is a population of over 143,000 people within a 5-mile radius of the subject property. Palm Harbor sits along the Gulf of Mexico and is home to a large number of middle-upper income families who are attracted to the convenient access to large cities like St. Petersburg, Clearwater, and Tampa. Palm Harbor is less than 15 minutes north of Clearwater, 30 minutes north of St. Petersburg, and 30 minutes west of Tampa.

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201 North Franklin Street

Suite 1100

Tampa, FL 33602

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