1261 S Fort Harrison Ave - Storefront Retail/Office FOR SALE


Clearwater, FL 33756- South Clearwater
$2,000,000 USD
813-453-6616
1261 S Fort Harrison Ave, Clearwater, FL for Sale
$2,000,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 4.9% Cap Rate

1261 S Fort Harrison Ave
Clearwater, FL 33756
South Clearwater


HIGHLIGHTS

  • Newly Renovated Exterior and Interiors
  • Stabilized Center, new tenants on 3-5 year leases with options
  • Located in HOT area between DT Clearwater and prestigious Bellaire Communities
  • Current Gross Income $114, 325.50; June 2024 increases to $115,691.10; Oct 2024 increases to $116,979.10

OVERVIEW

Rare opportunity to purchase a fully occupied strip center on S Fort Harrison Ave, near downtown Clearwater and presgious Belleair neighborhoods. The property consists of 4,268 SF and sits on 0.34 acres. This stabilized center with 3 units is at 100% occupancy with a balanced mix of office and retail tenants. All tenants are on NNN leases with annual increases in place. Minimal landlord responsibilities and major interior and exterior renovations completed at the property within the past year. New HVAC systems installed, stucco and paint, electrical updates, parking lot/landscaping improvements, and much more! The property sits on the east side of S Fort Harrison Avenue, with a large daycare center to its south and a hospital building to its north. Directly across the street is Morton Plant Hospital, a highly reputable medical facility providing top-notch healthcare services. Just south of the property is a high income residential surrounding, along with beautifully maintained country clubs and ocean views. A few minutes north is the heart of downtown Clearwater, and a brand new proposed development known as Imagine Clearwater. This area brings in tourists from all over the world, being situated just over the bridge from Clearwater Beach, which has been named America’s No. 1 Beach several times in recent years. Surrounding major retailers include Publix, Starbucks, Walgreens, McDonalds, and others. Fort Harrison Ave provides excellent visibility and accessibility with approximately 16,100 daily cars. 1 mile to Downtown Clearwater, 3 miles to Clearwater Beach, 3.5 miles to the Largo, and 5 miles to Dunedin.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$469 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DT Clearwater Retail Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CG

APN/PARCEL ID

21-29-15-34668-000-0010

ASK ABOUT THIS PROPERTY

Georgia WatsonYellowtail Commercial RealtyMore Info
813-453-6616

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Georgia WatsonYellowtail Commercial RealtyMore Info
813-453-6616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.