DT Clearwater Retail Investment
4,267 SF | 100% Leased | Retail Building | Clearwater, FL 33756 | $2,000,000 ($469/SF) | 4.90% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,000,000
- Property Type
-
Retail
- Square Feet
- 4,267 SF
- Price / Square Foot
- $469
Listing Contacts
Georgia Watson
Verified Profile
- Property Info
Property Overview
Rare opportunity to purchase a fully occupied strip center on S Fort Harrison Ave, near downtown Clearwater and presgious Belleair neighborhoods. The property consists of 4,268 SF and sits on 0.34 acres. This stabilized center with 3 units is at 100% occupancy with a balanced mix of office and retail tenants. All tenants are on NNN leases with annual increases in place. Minimal landlord responsibilities and major interior and exterior renovations completed at the property within the past year. New HVAC systems
installed, stucco and paint, electrical updates, parking lot/landscaping improvements, and much more! The property sits on the east side of S Fort Harrison Avenue, with a large daycare center to its south and a hospital building to its north. Directly across the street is Morton Plant Hospital, a highly reputable medical facility providing top-notch healthcare services. Just south of the property is a high income residential surrounding, along with beautifully maintained country clubs and ocean views. A few minutes north is the heart of downtown Clearwater, and a brand new proposed development known as Imagine Clearwater. This area brings in tourists from all over the world, being situated just over the bridge from Clearwater Beach, which has been named America’s No. 1 Beach several times in recent years.
Surrounding major retailers include Publix, Starbucks, Walgreens, McDonalds, and others. Fort Harrison Ave provides excellent visibility and accessibility with approximately 16,100 daily cars. 1 mile to Downtown Clearwater, 3 miles to Clearwater Beach, 3.5 miles to the Largo, and 5 miles to Dunedin.
installed, stucco and paint, electrical updates, parking lot/landscaping improvements, and much more! The property sits on the east side of S Fort Harrison Avenue, with a large daycare center to its south and a hospital building to its north. Directly across the street is Morton Plant Hospital, a highly reputable medical facility providing top-notch healthcare services. Just south of the property is a high income residential surrounding, along with beautifully maintained country clubs and ocean views. A few minutes north is the heart of downtown Clearwater, and a brand new proposed development known as Imagine Clearwater. This area brings in tourists from all over the world, being situated just over the bridge from Clearwater Beach, which has been named America’s No. 1 Beach several times in recent years.
Surrounding major retailers include Publix, Starbucks, Walgreens, McDonalds, and others. Fort Harrison Ave provides excellent visibility and accessibility with approximately 16,100 daily cars. 1 mile to Downtown Clearwater, 3 miles to Clearwater Beach, 3.5 miles to the Largo, and 5 miles to Dunedin.
Property Details
- Class
- B
- Year Built/Renovated
- 2000/2023
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 15,246 SF
Highlights
- Newly Renovated Exterior and Interiors
- Stabilized Center, new tenants on 3-5 year leases with options
- Located in HOT area between DT Clearwater and prestigious Bellaire Communities
- Current Gross Income $114, 325.50; June 2024 increases to $115,691.10; Oct 2024 increases to $116,979.10
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