Palm Harbor, FL (May 30, 2025) – European Equities is pleased to announce the acquisition of a former Wells Fargo bank building located at 4949 Ridgemoor Blvd. in Palm Harbor’s desirable East Lake District. The 3,445-square-foot building was acquired for $1.4 million. David McComas, owner of European Equities, represented the firm in the transaction.
Positioned on a high-visibility outparcel with strong daily traffic, the property offers an exceptional opportunity for a single, long-term anchor tenant. Surrounded by affluent residential neighborhoods and premier golf courses, the location is ideal for a stable, service-oriented business or specialty retailer looking to establish a strong, lasting presence in one of Palm Harbor’s most vibrant corridors.
“This acquisition is a strategic addition to our portfolio. Our goal is to partner with a long-term anchor tenant who can thrive in this dynamic location. With its visibility, traffic, and connection to an established community, this site offers tremendous potential for both the tenant and the surrounding area. We’re excited to bring new energy to the space and contribute to the ongoing success of Palm Harbor.”
This beautifully maintained 1.44-acre property offers an exceptional blend of natural charm and strategic location. Mature trees and manicured landscaping create a welcoming, park-like setting that enhances the appeal of the existing 3,445 square-foot building, originally constructed in 2004. Nestled in a vibrant infill area, the property benefits from a strong demographic profile, with a surrounding population of 128,000 within a five-mile radius, 55,000 households, and over 250 businesses within one mile. Positioned directly south of East Lake High School and adjacent to a bustling Publix-anchored center, the site experiences high daily traffic counts of over 56,000 vehicles, and is located in a community where home values reach up to $1 million—underscoring the area’s affluence and growth potential.
European Equities is a full-service, boutique real estate development company. EEC, as a real estate broker and through its related construction and property management companies, provides complete and seamless services for the life of a project, beginning with project conception, through acquisition, planning and development, construction, leasing, property management, and ultimately divestment. Based in Clearwater, Florida, European Equities has provided its bespoke services throughout the United States for nearly a quarter of a century.
For more information, contact European Equities at 727-723-3771 or info@europeanequities.com.
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