Full Description
Property Description:
Unparalleled investment opportunity in Clearwater, Florida – a strategically positioned 12 unit office building priced aggressively. This hidden gem presents investors with substantial upside potential, coupled with a proforma double-digit capitalization rate. Nestled in the heart of Clearwater minutes from the beach, this property not only offers a prime location but also promises a lucrative return on investment. Seize the chance to capitalize on the thriving real estate market in this sought-after coastal destination, where the fusion of a competitive purchase price and significant growth prospects converges, making it an ideal venture for savvy investors seeking a strategic and lucrative addition to their portfolio.
Downtown Clearwater is home to an exciting project called Imagine Clearwater, where the city is investing $84 million in the downtown waterfront, the celebration to this project will begin on June 28th with an entire week of events ending with the fireworks of the 4th of July as the grand finale! "The park is designed to connect the waterfront with downtown and will include a gateway plaza and bluff walk, 19 acres of park space, a pedestrian promenade along the Intracoastal Waterway, and a playground with splash pad. A focal point will be the 4,000-seat covered amphitheater with lawn space for 5,000 people. Ruth Eckerd Hall, which will operate the facility, last week unveiled the name of the venue will be The Sound." - Tampa Bay Times
Location Description:
Only 3.6 miles to Clearwater Beach! Clearwater Beach is home to many restaurants, shops, and hotels. Clearwater was the leading destination on the Gulf Coast in the U.S., drawing more than 6.5 million overnight visitors to the area and contributed more than $4 billion directly to the economy - which is more than 75% of the total direct visitor spending to the economy! Clearwater is home to a large array of dining options and culinary experiences, but is most well known for its fresh selection of Gulf Coast seafood, especially the grouper sandwich, a local favorite.
Downtown Clearwater is home to an exciting project called Imagine Clearwater, where the city is investing $84 million in the downtown waterfront. "The park is designed to connect the waterfront with downtown and will include a gateway plaza and bluff walk, 19 acres of park space, a pedestrian promenade along the Intracoastal Waterway, and a playground with splash pad. A focal point will be the 4,000-seat covered amphitheater with lawn space for 5,000 people. Ruth Eckerd Hall, which will operate the facility, last week unveiled the name of the venue will be The Sound." - Tampa Bay Times
Located 1.6 miles from Saint Petersburg College, making it ideal for workforce recruitment!
Site is within minutes away from Morton Plant Hospital, HCA Florida Largo hospital, Mease Dunedin Hospital, HCA Florida Largo West, with many assisted living facilities such as Twin Oaks ALF, Americus Total Care ALF, Midway manor and many more! High daytime population of 124,793 within 3 miles. Current Tenants Include, Accounting/CPA office, Mens Health Doctor, Chiropractor and other professional services. Beautiful courtyard with two ample parking lots.