DT Clearwater Medical Office Bldg For Sale
Medical Office Building - Ideal for owner/occupant.
Marketing description
This is a free-standing office building (2,059 SF htd., 2,091 SF under roof), on a corner parcel in Downtown Clearwater. This building has most recently been occupied by the Bay Area Foot and Ankle medical practice.
The location is very convenient to serve the Clearwater community, with good signage and limited visibility from Court Street, the main E/W route into Downtown Clearwater and Clearwater Beach.
Nine paved parking spaces on-site, plus on-street parking allowed.
Building elements are in excellent repair – roof new in 2025, electrical upgrades in 2023, window replacement in 2014. But the interior needs complete renovation/modernizing, which is reflected in the price.
Public utilities in place (water, fire, sanitary and storm sewer).
Downtown zoning.
X flood zone – area of minimal flood risk.
Investment highlights
Rare opportunity to own a free-standing office building in the Downtown Clearwater market.
Ideal for owner/occupant, but could work for a cash-flow investor.
Once renovated, a lease @ $20 PSF NNN works out to an 8% cap rate.
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