Property Attributes
- MLS#U8223569
- TypeCommercial
- CountyPINELLAS
- CityCLEARWATER
- AreaClearwater-Belleair
- NeighborhoodMagnolia Park
- Zip33756
- StyleOffice
- Year Built1964
- Taxes$ 6192
- Price$ 1,155,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4400
- Lot Size0.39 Acres
Data Source:
Stellar MLS
Property Description
This newly renovated investment property, fully leased with a government tenant, presents a unique and appealing opportunity for investors seeking stability and minimal maintenance. The ten-year lease with a government tenant ensures a dependable and consistent income stream, boasting a 7.5% CAP rate. Government tenants provide enhanced investment stability due to their reliable payment schedules and low default risk, making this an attractive option for discerning investors. The recent comprehensive renovations include new electrical systems, plumbing, roofing, air conditioning units, ductwork, interior framing, insulation, and fresh paint, ensuring minimal maintenance costs and a hassle-free ownership experience. Investors can effortlessly acquire a well-maintained and operational asset without needing extensive updates. Don't miss the chance to enhance your portfolio with this premium property. Contact the listing broker for detailed financial information, including rent rolls and lease specifics.
Price History | |
---|---|
12/12/2023 | Listed $1,400,000 |
1/24/2024 | 15% - $1,195,000 |
5/28/2024 | 4% - $1,155,000 |
General Features
Cooling | Central Air |
---|---|
Construction Materials | Block |
Year Built | 1964 |
Property SubType | Office |
Tax Year | 2022 |
Percent Ownership | Corporation |
County | Pinellas |
New Construction | No |
Property Type | Commercial Sale |
Subdivision Name | MAGNOLIA PARK |
Status | Active |
Directions | From Court St...south on MLK to Turner |
City | CLEARWATER |
Buyer Agent Compensation | 2.5%-$399 |
MLS Area | 33756 - Clearwater/Belleair |
Lot Size Units | Square Feet |
Lot Size Square Feet | 17071 |
Waterfront Y/N | No |
Street Name | Martin Luther King Jr |
Listing Terms | Cash,Conventional |
Tax Annual Amount | 6192 |
Public Remarks | This newly renovated investment property,fully leased with a government tenant,presents a unique and appealing opportunity for investors seeking stability and minimal maintenance. The ten-year lease |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8223569 |
Days on Market | 106 |
Living Area Units | Square Feet |
Standard Status | Active |
Tax Lot | 15 |
Legal Description | MAGNOLIA PARK BLK 23,LOTS 15 AND 16 |
Water Access Y/N | No |
Water View Y/N | No |
Interior Features
Total Stories | 1 |
---|---|
Air Conditioning Y/N | Yes |
Street Suffix | AVENUE |
LivingAreaSource | Public Records |
Exterior Features
Lot Size Area | 17071 |
---|---|
Foundation Details | Slab |
Number of Buildings | 1 |
Building Area Total | 4400 |
Lot Dimensions | 98 x 175 |
Lot Size Acres | 0.39 |
Road Surface Type | Asphalt |
Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool