2433 Gulf To Bay Blvd., Clearwater, FL 33765 - U8152723 - iPro Real Estate
iPro Real Estate

iPro Real Estate

Back on the Market
For Sale

$2,700,000 $278.70 per sqft

Free Professional CMA

Listing ID : U8152723

  • Structure / Lot Size

    9,688 Sqft / 0.33 Acre
  • Year

    1970

Description

TRIPLE NET INVESTMENT. Fully Leased two-story Free Standing Office building with 95 feet of frontage on Gulf to Bay. The building consists of 9,688 htd sqft of office space and includes 3 lots directly behind the building used for parking. Current owners have long-term tenants in place with Triple Net leases with 5-year terms and options to extend for two more 5 year terms with a 3% escalation per year. Limited deferred maintenance, The roof and HVAC units were both replaced in January 2020. The building offers a generator fueled by 4 propane tanks along the back side of the building. This is a great addition to a portfolio offering a 6% Capitalization rate of return. Financials are available upon request from the listing agent.

Details

Type: Commercial Sale 
MLS Area: 33765 - Clearwater/Sunset Point 
County: Pinellas 
Security Features: Closed Circuit Camera(s), Security System Owned, Smoke Detector(s) 
Tax ID: 18-29-16-00000-420-0400
Annual Taxes: $18,798
Building Size: 9,720 SqFt 
Net Operating Income: $165,752 
Days on Market: 350 
Cooling: Central Air 
Flooring: Carpet, Concrete, Tile 
Foundation: Slab 
Heating: Central, Electric, Zoned 
Number of Buildings: 1 
Number of Restrooms: 5 
Property Type: Commercial Sale Sale 
Roof: Membrane, Other 
Sub Type: Office 
Utilities: BB/HS Internet Capable, Emergency Power, Phone Available, Water Connected 

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Interactive

27.960182 -82.736595 $2,700,000 U8152723
2433 Gulf To Bay Blvd., Clearwater, FL 33765
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Area Information 33765

Population:

13,940 Up .06% since 2010
Average Income:
$78,748
Average Age:
40Years
Gender:
49.4%Male
50.6%Female
Households:
6,16421.85% with children
Average Value:
$455,747
Occupancy:
46.01%Owned
53.99%Rented
10.61%Vacant
Education:
29.35%High School
8.77%Associate
20.45%Bachelor
8.83%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
51.03Inches
Earthquake Risk:
Very Low
Hurricane Risk:
Very High
Ozone Risk:
Below Average
Pollution Risk:
Average
Tornado Risk:
Very High
Wind Risk:
Very Low

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Listed by Greg Balsamello with RE/MAX ACTION FIRST OF FLORIDA