Clearwater Commercial Building - nearly an acre.

Retail-Commercial for Sale
Catylist Listing ID: 30011826
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 5,532 SF
Gross Land Area: 38,590 SF
Sale Price: $600,000 - 800,000
Unit Price: $108.46 - 144.61 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 5,532 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2017

Overview / Comments

Originally built as a bank branch, this commercial building was converted to medical office use in 1995.
The building is very well built, but has some deferred maintenance.
Can convert to a variety of commercial purposes.

This is a convenient location on a 6-lane arterial roadway - near downtown Clearwater, just off of the main route to Clearwater Beach.

Price for a "normal" closing timeline is $650,000.
Price for a developer deal is $850,000.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City of Clearwater
Tax ID/APN: 15-29-15-41688-001-0020
Zoning: D - DOWNTOWN CITY OF CLEARWATER
Property Located Between: On Missouri Avenue, between Court Street and Cleveland Street
Property Visibility: Excellent
Largest Nearby Street: Court St.
Traffic/Vehicle Count: 27,000
Highway Access: SR 60 to US 19
Airports: St. Pete Clearwater International Airport - 22 minutes away | Tampa International Airport - 26 minutes away
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,532 SF
Property Condition: Fair
Year Built: 1981
Year Renovated: 1995
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 50
Parking Ratio: 9 (per 1000 SF)
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: The intent and purpose of the Downtown District is to establish a mixed use downtown where citizens can work, live, and shop in a place which is the economic, governmental, entertainment and cultural focal point of a liveable city.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: HUGHEY'S, W.F. SUB BLK 1, LOTS 2, 3, & 4 LESS W 5 FT & PAGETT'S SUB, R.H OF ORIG LOTS 2 & 5 LOTS 23 24, 25 LESS N 30FT FOR RD R/W

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,067 116,377 262,610
Median Age: 39.57 45.04 46.45
Households: 6,068 51,735 120,868

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