4181 116Th TerClearwater, FL 33762

  • Industrial properties
  • 2,400 SF
For Sale
$1,325,000 View listing

Property Details for 4181 116Th Ter

Year built
1984
Construction
CONCRETE BLOCKS
Lot size
0.50 AC
Property size (Sq ft)
2,400 SF
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
15-30-16-29244-000-0170
APU
153016292440000170

Description

This exceptional investment opportunity presents a 8,280-square-foot industrial property in Clearwater, Florida, ideally suited for distribution, manufacturing, or warehousing. Located at 4181 116th Terrace N, 33762, this property boasts two buildings on a half-acre lot (22,200 sq ft), zoned M-1. The single-tenant, net-lease property features 2,400 square feet of office space and 5,880 square feet of warehouse space, with a 5-year lease expiring January 31, 2026, and three one-year renewal options. The warehouse includes two dock-high doors, 15-foot ceilings, and 14 parking spaces, including 4 covered spaces. Built between 1984 and 1988, the concrete and metal building offers ample space for storage, inventory, or manufacturing operations. The office area comprises several offices, a conference room, file room, kitchen, breakroom, and two restrooms. This property benefits from high visibility on 116th Terrace N and easy access to major thoroughfares, including US 19 and 118th Avenue N, placing it within a thriving commercial and industrial area with high traffic volume (35,500 VTD). The asking price is $1,325,000, resulting in a price per square foot of $160.02. This is a prime investment opportunity with strong tenant occupancy and a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $535,537
    Hospitality
    $490,549
    Educational
    $408,131
    Medical
    $422,167
    Retail
    $634,871
4181 116Th Ter, Clearwater, Florida

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.8772
Longitude
-82.6907
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,659
-
-
$700,000
-
$204,011
$495,989
$700,000

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