Active

$500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 2059 sq ft
Overview
  • ID: MFRTB8461607
  • Bedrooms:
  • Bathrooms: 0
  • Size: 2059 sq ft
Property Details
Remarks
The Subject Property is a free-standing office building (2,059 SF htd., 2,091 SF under roof), on a corner parcel in Downtown Clearwater. This building has most recently been occupied by the Bay Area Foot and Ankle medical practice. The location is very convenient to serve the Clearwater community, with good signage and limited visibility from Court Street, the main E/W route into Downtown Clearwater and Clearwater Beach. Ten paved parking spaces on-site. Building elements are in excellent repair – roof new in 2025, electrical upgrades in 2023, window replacement in 2014. But the interior needs complete renovation/modernizing, which is reflected in the price. Public utilities in place (water, fire, sanitary and storm sewer). Downtown zoning. X flood zone – area of minimal flood risk. Rare opportunity to own a free-standing office building in the Downtown Clearwater market. Ideal for owner/occupant, but could work for a cash-flow investor. Once renovated, a lease at $20 PSF NNN works out to an 8 percent cap rate.
Financial Considerations
Price:
$500,000
HOA Fee:
N/A
Tax Amount:
$4742.89
Price per SqFt:
$239.12
Tax Legal Description:
HIBISCUS GARDENS BLK I, LOT 12
Exterior Features
Lot Size:
7296
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 6 to 12
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
1957
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    321 S LINCOLN AVE
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