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34010784
34010777

1603 Sunshine Drive, Clearwater, FL 33765

ER
FL BK416734
The Ross Realty Group Inc
Listed by The Ross Realty Group Inc
$3,600,000
2 days on market
Updated 0 days ago

1603 Sunshine Drive

Details
APN 01-29-15-16488-000-0157
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 20,000
Net Rentable (SqFt) 20,000
Units 4
Cap Rate 5.88%
NOI $211,793
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $180
Broker Co-Op True
Class B
Year Built 1972
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.990
Zoning E-1 - Pinellas County
Investment Type Stabilized
Ground Lease No
Ceiling Height 12
Dock High Doors 4

100% Leased Warehouse/Flex Building - For Sale - North Clearwater

Marketing description

20,000 SF Warehouse/Flex Building - 100% leased

Located on a corner lot just East of Clearwater Airpark Airport (CLW) between Belcher Rd & Hercules Ave

Multi-tenant warehouse/flex building divided into 4 equally sized 5,000 SF units each and 100% sprinklered

Functional specifications include 12’ x 10’ overhead doors and 200 - amp electrical power per unit

100% Leased with one tenant (Pro Housing) vacating 11/30/26 offering opportunity for an owner - occupant

Built in 1972 and has been comprehensively remodeled with a new roof, AC units, Front Awnings, Asphalt and more

Zoned E-1 (Pinellas County) for a broad range of light industrial, flex, and office uses

Parcel ID: 01-29-15-16488-000-0157

RE Taxes (2025): $22,137.00

Sale Price: 3,600,000.00

Investment highlights

20,000 SF Warehouse/Flex Building - 100% leased

Located on a corner lot just East of Clearwater Airpark Airport (CLW) between Belcher Rd & Hercules Ave

Multi-tenant warehouse/flex building divided into 4 equally sized 5,000 SF units each and 100% sprinklered

Functional specifications include 12’ x 10’ overhead doors and 200 - amp electrical power per unit

100% Leased with one tenant (Pro Housing) vacating 11/30/26 offering opportunity for an owner - occupant

Built in 1972 and has been comprehensively remodeled with a new roof, AC units, Front Awnings, Asphalt and more

Zoned E-1 (Pinellas County) for a broad range of light industrial, flex, and office uses

Parcel ID: 01-29-15-16488-000-0157

RE Taxes (2025): $22,137.00

Sale Price: 3,600,000.00

Listing Contacts

ER
FL BK416734
The Ross Realty Group Inc
Listed by The Ross Realty Group Inc

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,793.00
$17,649.42/mo

Valuation Metrics

0
DSCR
5.88%
Cap Rate
5.88%
ROI

Map

Zoning

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E-1 MixedMixed UseEmployment 1
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View all 143 uses
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Elliott Ross
License
BK416734
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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