1808 Drew StClearwater, FL 33765

Property Details for 1808 Drew St

Year built

1986

Construction

CONCRETE BLOCKS

Lot size

0.75 AC

Property size (Sq ft)

5,368 SF

Property type

Retail properties

Property subtype

Strip malls

APN

12-29-15-22482-002-0010

APU

122915224820020010

Description

This exceptional investment opportunity presents a 100% occupied, seven-tenant retail/office stripmall and storage facility in Clearwater, Florida. The property, built in 1986, boasts 9,505 total square feet, with 8,140 net rentable square feet, and is situated on a 32,866 square foot lot. The asking price is $1,550,000, representing a pro-forma cap rate of 7.22% and a pro-forma NOI of $111,857. The property features two buildings, including ten (10) large, 100% occupied storage units. Seven retail and/or office spaces are available, each under a one-year modified lease. The property enjoys high visibility with over 200 feet of frontage on Drew Street, near the busy intersection of Drew Street and CR-1, experiencing a combined daily traffic count of nearly 57,000 vehicles. Ample parking is provided with 40 spaces. The property is zoned C and offers easy ingress and egress. Owner financing is available at attractive rates. This presents a rare opportunity to acquire a highly profitable, well-located commercial property with significant upside potential in a thriving Clearwater business district.

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9684

Longitude

-82.7623

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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