Listed by High Point Realty Inc
$2,990,000
1401-1417 Cleveland St - Shopping Center
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 14,352
Units 17
Cap Rate 6.62%
NOI $198,000
Occupancy 100%
Pro-Forma Cap Rate 8.16%
Pro-Forma NOI $244,000
Price per SqFt $208
Year Built 1958
Acreage 0.970
Retail | 8.12% CAP 14,352 SF
Marketing description
Great plaza in the newly improved and streetscaped Gateway area of downtown Clearwater. 17 separate units all have separate power and water meters. Recent upgrades. Directly next to the newly created Marche for weekend markets and events at the corner of Cleveland and Gulf to Bay. Just one vacancy that is about to be leased.
Investment highlights
Great plaza in the newly improved and streetscaped Gateway area of downtown Clearwater. 17 separate units all have separate power and water meters. Recent upgrades. Directly next to the newly created Marche for weekend markets and events at the corner of Cleveland and Gulf to Bay. Just one vacancy that is about to be leased.
Listing Contacts
Listed by High Point Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$198,000.00
$16,500.00/mo
Valuation Metrics
0
DSCR
6.62%
Cap Rate
6.62%
ROI
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