Commercial Sale Property - Office in Clearwater
Listing Price: $500,000
Description of Property
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.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Office
City: Clearwater
County: Pinellas
Subdivision: Hibiscus Gardens
Sq. Ft. Gross: 2,091
Sq. Ft. Living Area: 2,059
Cost per (heated) sqare foot: $243
Year built: 1957
Annual Tax: $4,743
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Waterfront Info
Exterior & Construction
Construction: Block
Foundation: Slab
Parking Features: 6 to 12 Spaces
Floors Total: 1
Cooling: Central Air
Sewer: Public Sewer
Lot Information
Lot Size (acres): 0.17
Lot Size (sq. ft.): 7,296 square feet
Lot Dimensions: 60 x 122
Road Frontage: City Street
Adjoining Property: Multi-Family
Legal Description & Other Information
Parcel Number: 152915385740090120
Tax Legal Desc.: HIBISCUS GARDENS BLK I, LOT 12
Section: 15
Range: 15
Listing courtesy of COLDWELL BANKER COMMERCIAL NRT. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
