Fantastic Location - MIxed Use

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30822626
Property Subtypes: Free-Standing Building, Mixed Use, Other
Status: Pending
Building Size (RSF): 3,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.04 Acres
Sale Price: $1,800,000
Unit Price: $500 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/18/2023

Overview / Comments

LOOKING AT ALL OFFERS WITH A QUICK CLOSING. Fantastic location on Clearwater Beach. 5 units - 2 commercial units downstairs and completely renovated - two (1) bedroom apartments and 1 studio upstairs. Numerous updates in 2021/2022 - new hurricane-rated doors and windows, new split A/C's, granite counters, SS appliances in apartments, backsplash, ceiling fans, bathrooms, and tile floors. All upstairs units are fully furnished including flat-screen TVs and offer new sliders to individual balconies. Unit #1 offers a utility closet with a new washer and dryer. Additional washer and dryer in common area downstairs. The roof was silicon sealed in 2021. New outdoor lighting. 2 commercial units downstairs are leased. One has a current lease and the other is month-to-month. Beach side of the street - steps to the beach. Across the street from the park.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15 29 05 16362 007 0091
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Mandalay
Area Description: Property on beach side of the street - steps to the beach. Acrooss the street from the park
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Roof Type: Other
Construction/Siding: Block, Concrete
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CLEARWATER BEACH REV BLK 7, S 32FT OF LOT 9

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,508 50,350 147,345
Median Age: 59.37 45.5 46.74
Households: 1,917 22,795 67,035


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