Commercial Fixer-Upper For Sale

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30422253
Property Subtypes: Medical, Mixed Use, Flex Space, Office Building, Other
Status: Pending
Building Size (RSF): 3,920 SF
Gross Building Area: 4,360 SF
Gross Land Area: 5,700 SF
Sale Price: $175,000
Unit Price: $44.64 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Commercial "Handy Man Special"
Class of Space: Class D
Usable Size (USF): 3,920 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/17/2020

Overview / Comments

This is a handyman special / fixer-upper. Building needs renovation to be put in usable condition.
Structure is sound, but interior and exterior needs renovation.
Four parking spaces on site, with more parking available in the neighborhood.
Built as a multi-tenant retail center. Some renovation projects have been started and stopped over the years, but none were 100% completed.
Located at the SWC of Gulf to Bay and San Juan, this is the second building north from the "five points" intersection of Gulf to Bay, Highland and Court St. This property was a foreclosure.

Seller is reviewing all final highest & best cash offers over the weekend and will be accepting an offer next week. If interested, schedule appointment now to see interior, property will be under contract next week.

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Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City of Clearwater
Tax ID/APN: 15 29 14 10476 010 0070
Zoning: D - DOWNTOWN
Property Located Between: San Juan & Court St
Property Visibility: Good
Highway Access: Second building N of SR 60
Airports: St. Pete Clearwater Airport -16 minutes; Tampa International - 25 minutes.
Site Description: Located on a hard corner with 95' frontage on Gulf to Bay and 60' frontage on San Juan Ct.
Area Description: The property is in the eastern gateway of the City of Clearwater Downtown district. Convenient to the "World's Best Beach", and to the greater Clearwater community.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,920 SF
Year Built: 1949
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Multi-tenant configuration, needs work.
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: 4 parking spots on south side of building. Additional parking available in the immediate area.
Total Parking Spaces: 4
Sprinklers: None
Heat Type: Electricity
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Interior Description: Configured into multiple tenant spaces. Needs renovation - all spaces in very rough condition.
Zoning Description: Zoned - D (Downtown) The intent and purpose of the Downtown District and Development Standards is to guide the development and redevelopment of sites in Downtown Clearwater consistent with the vision, guiding principles, goals, objectives and policies in the Clearwater Downtown Redevelopment Plan to achieve quality urban and architectural design throughout Downtown and provide regulatory clarity and predictability for property owners, investors, residents, and business owners. Maximum Development Potential. 1. Development in the Downtown District shall be consistent with the development potential set forth by location in the Clearwater Downtown Redevelopment Plan. Properties within the Downtown District shall have a future land use of Central Business District (CBD), which is consistent with the Activity Center (AC) Countywide Plan Map category and the Special Center subcategory in the Countywide Plan for Pinellas County. The maximum development potential set forth for each established character district is shown on Figures 3 through 7. Residential uses and overnight accommodation uses are regulated by density, or units per acre, while nonresidential uses are regulated by intensity, or floor area ratio (FAR). The development potential for mixed-use projects shall be determined consistent with Section 3-902.
Lot Frontage: 95
Lot Depth: 60
Water Service: Municipal
Sewer Type: Municipal, Storm
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,159 130,278 271,028
Median Age: 39.31 45.12 46.52
Households: 6,866 58,803 124,551


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