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14021891
14021948

1250 Rogers St, Clearwater, FL 33756

KG
FL FL BK3076744
Grimaldi Commercial Realty Corp
Listed by Grimaldi Commercial Realty Corp
$1,400,000
909 days on market
Updated 27 days ago

11% CAP RATE MEDICAL / PROFESSIONAL OFFICE 12 UNIT CENTER

Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 9,360
Units 12
Price per SqFt $150
Class B
Year Built 1973
Year Renovated 2023

MEDICAL / PROFESSIONAL OFFICE 12 UNIT CENTER

Marketing 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

Investment highlights

12-UNIT OFFICE CENTER

SPANISH GARDEN ARCHITECTURE

ALL TENANTS ON MONTH-TO-MONTH EXCEPT FOR TWO

PROPERTY COMES WITH TWO OVERSIZED PARKING LOTS

ADD VALUE PROPERTY WILL BRING DOUBLE DIGIT CAP RATE

SEPARATE ELECTRIC METERS

Listing Contacts

KG
FL FL BK3076744
Grimaldi Commercial Realty Corp
Listed by Grimaldi Commercial Realty Corp

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Additional Information

Name
Kari Lynn Grimaldi
License
FL BK3076744
Brokerage
Grimaldi Commercial Realty Corp.
Brokerage Phone
813-882-0884
Title
Managing Broker- President/Owner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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