3087 Cherry Ln - Residential Income FOR SALE


Clearwater, FL 33759
$2,099,000 USD
727-894-1600
3087 Cherry Ln, Clearwater, FL for Sale
$2,099,000 USD
Residential Income - FOR SALE
1/176
null | Request Cap Rate

3087 Cherry Ln
Clearwater, FL 33759


HIGHLIGHTS

  • Incredible high traffic of 200,000 ppl driving by daily.
  • Quick access to Tampa and Clearwater.
  • Out of flood zone (30 feet above sealine).
  • Seller financing offered for $1,000,000 and first position.
  • Price includes adjacent buildable lot - 3075 Cherry Lane.
  • Commercial grade efficient HVAC system, 3 phase power, and fire suppressor systems.

OVERVIEW

Looking for a perfect office and penthouse residence in a mixed use building with Seller Financing on 1st million at 6.5%? This is a once in a lifetime opportunity for an end user to convert this LMDR Mansion into a mixed use / medical office / hotel & possibly add a penthouse floor on rooftop to live luxuriously with stunning water views. 2 parcels are included: 3075 and 3087 Cherry as you may need extra parking to convert. The property offers quick access location with incredible high traffic volume of 200,000 people driving by daily. Notes on conversion to hotel, office, mixed use or medical office institutional use enclosure of 11 page took years to research at no cost to you. The buyer will verify all info including sqft & zoning & advised to consult proper professionals for due diligence. *No info or conversion guaranteed. Buyer to verify all info. We consulted an attorney who successfully completed conversions to I (Institutional) use for most surrounding properties & he estimates the conversion legal costs to be $15,000, result NOT guaranteed but most likely a Medical Office use win Institutional Zoning for end user would make sense if the buyer is end user & hires proper professionals incl civil engineer, architect & a zoning attorney to do the conversion. RaceCarMansion was originally built at "no cost spared budget" by an arrogant Aerospace engineer/ multi millionaire who brought IndyCar Racing to Tampa & wanted team mates to stay on site & his kids to attend the leading private school next door (Calvary school that owns most surrounding parcels & converted them to use). Property appears to have been originally built to a superior commercial st&ard while including high end residential details like a stunning cheff's kitchen w oversized subzero side by side refrigerator & freezer, German Miele appliances - ovens, gas cooktop, dishwasher, built-in coffee maker, wine cooler & 3 costly copper sinks! To commercial st&ard are signaling cement w metal reinforcement construction, built in fire protection system w ceiling sensors w sprinklers area activation, firefighter hose hook-ups on every level, 3 phase power, oversized huge elevator & multi zone Japanese Dykin AC/ Heating system VRF. Presently property is used as following: 1st floor: storage & XXL garage w 2 bays 16' wide * 7' tall door is the largest; 2nd floor: front entry foyer - main doors just replaced - flex space w cement floors, 2 wall AC Dykin units (presently used for storing & shipment); 3rd level: 4 master suites feat walk-in closets, full bath; video tech room w $200,000+ in equipment that runs the 40 tv wall on the 4th floor; laundry room & living room; 4th level: office; cheff's kitchen adorned in cherry wood; top of the line appliances; surround sound & video entertainment system w 32 approx smart tvs, dining room, living rooms so large - one used to hold a full size original Mercedes model. NO Attic. 5th Level; Walk Out Water View rooftop terrace. Terrace has cameras looking in 4 directions signal from which transmits to appropriate walls of the 4th floor - replacing the window views. Will u add a Penthouse or Hottub to Rooftop w views of Tampa Bay & Bayside Bridge? This property gem offers great work & office space making this LUXURY residence a perfect executive home / retreat. Check out virtual tours, youtube attached materials. Is this YOUR Medical Office Building awaiting you? Buy turn key: just $39,999 4 appliance - furnishings - decor package; personal items & some art excluded.

FOR SALE DETAILS

PRICE

$2,099,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Medical, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

LDMR

APN/PARCEL ID

16-29-16-00000-220-4100

ASK ABOUT THIS PROPERTY

Anastasia NevtonovaKeller Williams St PeteMore Info
727-894-1600

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Anastasia NevtonovaKeller Williams St PeteMore Info
727-894-1600

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