For Sale
$2,087,000

14333 58Th StClearwater, FL 33760

8,600 SF Flex Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Clearwater, Florida investment opportunity presents a fully leased, 8,600-square-foot executive office and flex space building situated on a spacious 2.07-acre lot within the Icot Business Park. Currently boasting 100% occupancy with a national dental lab tenant under a newly executed 7-year NNN lease expiring June 30, 2029, this Class C property generates a substantial net operating income (NOI) of $121,795. The lease includes annual escalations and covers all expenses, including a 3% management fee and an escrowed parking lot maintenance reserve. The property is zoned Industrial Limited (IL) and offers significant expansion potential, with the possibility of increasing the building size to 21,000 square feet. Offered at $2,087,000, this presents a compelling 5.8% cap rate investment in a prime Clearwater location, within the Gateway Submarket, and featuring a strong, long-term tenant. Built in 1986, this single-tenant property provides a stable and attractive return on investment. The property's address is 14333 58th St N, Clearwater, FL 33760.

Property Details for 14333 58Th St

Property type
Office properties, Industrial properties
Square Feet
8,600 SF
Class
C
Year Built
1986
Lot Size (sq. ft)
90,169 SF

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.9021732
Longitude
-82.7123446
14333 58Th St, Clearwater, Florida

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14333 58Th St
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