Missouri Ave Workshops
Possible Owner Financing to qualified buyers
Marketing description
John Burpee & Associates is honored to present our newest exclusive listing The Workshops on Missouri at 1715 S Missouri Ave, Clearwater Fl 33756. This two building, 10 unit, 14,250 sqft property is a rare find in the Largo/Clearwater MSA. Located directly on Missouri Ave, with a 2023 DOT reported 33,000 cars per day make this a very high-profile opportunity.
The property has been in the same ownership for the last 12 years and the owner will be doing a 1031 exchange upon sale. We feel the asset is under managed as rent comps in the market show a $2-$4 per square foot opportunity to raise rents to market. The property stays consistently 100% occupied with little to no immediate competition in the area. The concrete block construction and non-evacuation flood zone make this asset a worry-free investment opportunity for years to come.
Pinellas county is the most densely populated county in the state of Florida with Clearwater being one of the top 5 tourist destinations in the state. Gross increases in population and economic climate make Clearwater and Pinellas County one of the fastest growing and most stable municipalities in Florida. Honeywell, Duke Energy, Bank America and General Electric all have regional headquarters in the area along with the Tampa Bay Buccaneers, Rays, Lightning and rowdy’s professional sports teams.
Our Firm stands ready to offer management of the property upon closing to a new owner.
Investment highlights
John Burpee & Associates is honored to present our newest exclusive listing The Workshops on Missouri at 1715 S Missouri Ave, Clearwater Fl 33756. This two building, 10 unit, 14,250 sqft property is a rare find in the Largo/Clearwater MSA. Located directly on Missouri Ave, with a 2023 DOT reported 33,000 cars per day make this a very high-profile opportunity.
The property has been in the same ownership for the last 12 years and the owner will be doing a 1031 exchange upon sale. We feel the asset is under managed as rent comps in the market show a $2-$4 per square foot opportunity to raise rents to market. The property stays consistently 100% occupied with little to no immediate competition in the area. The concrete block construction and non-evacuation flood zone make this asset a worry-free investment opportunity for years to come.
Pinellas county is the most densely populated county in the state of Florida with Clearwater being one of the top 5 tourist destinations in the state. Gross increases in population and economic climate make Clearwater and Pinellas County one of the fastest growing and most stable municipalities in Florida. Honeywell, Duke Energy, Bank America and General Electric all have regional headquarters in the area along with the Tampa Bay Buccaneers, Rays, Lightning and rowdy’s professional sports teams.
Our Firm stands ready to offer management of the property upon closing to a new owner.
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