1715 S Missouri Ave - Showroom FOR SALE


Clearwater, FL 33756- Upper Largo
$2,350,000 USD
727-235-1992
1715 S Missouri Ave, Clearwater, FL for Sale
$2,350,000 USD
Showroom - FOR SALE
1/5
null | 5.94% Cap Rate

1715 S Missouri Ave
Clearwater, FL 33756
Upper Largo


HIGHLIGHTS

  • Rare High Traffic location in Clearwater/Largo MSA
  • Most Populated County in Florida
  • Best of the Best location

OVERVIEW

John Burpee & Associates is honored to present our newest exclusive listing The Workshops on Missouri at 1715 S Missouri Ave, Clearwater Fl 33756. This two building, 10 unit, 14,250 sqft property is a rare find in the Largo/Clearwater MSA. Located directly on Missouri Ave, with a 2023 DOT reported 33,000 cars per day make this a very high-profile opportunity. The property has been in the same ownership for the last 12 years and the owner will be doing a 1031 exchange upon sale. We feel the asset is under managed as rent comps in the market show a $2-$4 per square foot opportunity to raise rents to market. The property stays consistently 100% occupied with little to no immediate competition in the area. The concrete block construction and non-evacuation flood zone make this asset a worry-free investment opportunity for years to come. Pinellas county is the most densely populated county in the state of Florida with Clearwater being one of the top 5 tourist destinations in the state. Gross increases in population and economic climate make Clearwater and Pinellas County one of the fastest growing and most stable municipalities in Florida. Honeywell, Duke Energy, Bank America and General Electric all have regional headquarters in the area along with the Tampa Bay Buccaneers, Rays, Lightning and rowdy’s professional sports teams. Our Firm stands ready to offer management of the property upon closing to a new owner.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$348 USD /SF

CAP RATE

5.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 1

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Warehouse, Loft/Creative Space, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

Lighting - Fluorescent, Gas, Water - City, Sewer - City, Heating

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.99

LAND SF

43,107

ZONING

Retail Storage

APN/PARCEL ID

27-29-15-58233-000-0010

ASK ABOUT THIS PROPERTY

John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

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John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

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