700 Magnolia Dr – 19,518 SF Office/Warehouse on .81 Acre For Sale

Industrial for Sale
Catylist Listing ID: 30737371
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Warehouse/Distribution
Building Size (RSF): 19,518 SF
Gross Land Area: 0.81 Acres
Sale Price: $1,541,922
Unit Price: $79 PSF
Ceiling: 16 ft. Clear
Docks/Doors: 1 Door
Office SF: 4,650 SF
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2021

Overview / Comments

700 Magnolia Drive, Clearwater, FL 33756 is offered for sale at $1,541,922, or $79.00 per square foot, and for lease at $6.50 per square foot, on a NNN basis with an estimated $1.78 per square foot in operating expenses.

This 19,518+ square foot, free standing, office/warehouse or light industrial facility was built in 1987 of concrete block construction. The building provides 4,650+ square feet of office, 14,868+ square feet of air-conditioned warehouse or light assembly space, 15’-16’ clear height, and 3-phase power. Loading is served via one (1) grade level door (measuring 14’h x 20’w). The facility is 100% air-conditioned. The west side of the property borders the Seaboard Coast Line Railroad track with possible rail access.

The .81 acre MOL site is zoned IRT – Industrial, Research, and Technology within the City of Clearwater and provides 13+ paved parking spaces. The property sits on the north side of Magnolia Drive, just west of S Myrtle Avenue, and is also accessible to Jasmine Way. The site is located in northern Pinellas County just south of downtown Clearwater and is approximately 4/10ths of a mile south of State Road 60/Chestnut Street. The property is accessed from US Highway 19 North by way of Gulf to Bay Boulevard/SR 60 and is approximately 4½ miles west of this main north-south thoroughfare.

You can view our qualifications and our listings at: https://industrialrealtysolutions.com/indrs-listings/.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15 29 15 54450 031 0010
Zoning: IRT - INDUSTRIAL, RESEARCH, TECHNOLOGY (CITY OF CLEARWATER)
Property Located Between: Druid Road and Lakeview Road
Highway Access: The property is accessed from US Highway 19 North by way of Gulf to Bay Boulevard/SR 60 and is approximately 4½ miles west of this main north-south thoroughfare.
Site Description: The .81 acre MOL site is zoned IRT – Industrial, Research, and Technology within the City of Clearwater and provides 13+ paved parking spaces.
Area Description: The property sits on the north side of Magnolia Drive, just west of S Myrtle Avenue, and is also accessible to Jasmine Way. The site is located in northern Pinellas County just south of downtown Clearwater and is approximately 4/10ths of a mile south of State Road 60/Chestnut Street. The property is accessed from US Highway 19 North by way of Gulf to Bay Boulevard/SR 60 and is approximately 4½ miles west of this main north-south thoroughfare.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1987
Construction/Siding: Block
Parking Type: Surface
Parking Description: 13+ paved parking spaces
Total Parking Spaces: 13
Eave Height: 15
Sprinklers: None
X-Phase: 3-Phase
Interior Description: The facility is 100% air-conditioned.
Zoning Description: IRT – Industrial, Research, and Technology within the City of Clearwater

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,562 105,750 250,576
Median Age: 40.29 44.62 46.83
Households: 7,023 46,557 117,178

Contact

Photograph of Listing Agent

Deron Thomas, CCIM, SIOR

Industrial Realty Solutions CE-FL Member
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