501 Lincoln AveClearwater, FL 33756

Property Details for 501 Lincoln Ave

Year built

1970

Construction

WOOD FRAME

Property size (Sq ft)

984 SF

Property type

Office properties

Property subtype

Other office properties

APN

15-29-15-51968-000-0101

APU

152915519680000101

Description

This exceptional Clearwater, Florida medical office building presents a fantastic leasing opportunity. The 14,394 square foot, two-story Class B building, constructed in 1970, sits on a 1.25-acre lot and boasts 60 parking spaces in a newly restriped lot. Located at 501 S Lincoln Ave, 33756, this property enjoys excellent visibility with pylon signage potential and high traffic counts exceeding 40,500 vehicles daily on the nearby Gulf-to-Bay Blvd/Highway 60. The building is zoned for medical office condos and offers convenient access to major interstate systems, downtown Clearwater, Morton Plant Hospital (BayCare), Tampa International Airport (15 miles), and St. Petersburg-Clearwater Airport (9 miles). Nearby amenities include daycare, restaurants, retail, and entertainment options. Multiple suites are available, including a 1,106 square foot second-floor space (Suite 26) featuring five rooms (three with sinks), a large storage area, reception area, and one bathroom, and a 1,885 square foot second-floor space (Suite 21) offering a large office with private bathroom, three treatment rooms with sinks, a nurses' station with sinks, waiting area, large reception area, and two bathrooms. Both suites are available immediately at a modified gross rate of $17.50 per square foot per year. Detailed floor plans are available upon request. This property represents a unique opportunity for medical professionals seeking a well-located, amenity-rich space in a thriving community. The Pinellas County property (APN: 15-29-15-51968-000-0101) offers a strong investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $191,829

  6.5%

  $177,073

  7%

  $164,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,516

  Geo Method

  $108,516

• Alternative Use

  Use

  Valuation

  Residential

  $219,570

  Hospitality

  $201,125

  Educational

  $167,334

  Medical

  $173,089

  Retail

  $260,297

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9606

Longitude

-82.7856

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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