321 S LINCOLN AVENUE at

321 S LINCOLN AVENUE

For sale Days on market 0

$500,000

$243/sq ft

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Overview

Year Built

1957

Sqft

2059

Property Type

Office

Property Description

The Subject Property is a free-standing office building (2,059 SF htd., 2,091 SF under roof), on a corner parcel in Downtown Clearwater. This building has most recently been occupied by the Bay Area Foot and Ankle medical practice. The location is very convenient to serve the Clearwater community, with good signage and limited visibility from Court Street, the main E/W route into Downtown Clearwater and Clearwater Beach. Ten paved parking spaces on-site. Building elements are in excellent repair – roof new in 2025, electrical upgrades in 2023, window replacement in 2014. But the interior needs complete renovation/modernizing, which is reflected in the price. Public utilities in place (water, fire, sanitary and storm sewer). Downtown zoning. X flood zone – area of minimal flood risk. Rare opportunity to own a free-standing office building in the Downtown Clearwater market. Ideal for owner/occupant, but could work for a cash-flow investor. Once renovated, a lease at $20 PSF NNN works out to an 8 percent cap rate.

Property Details

MLS#

TB8461607

Total Floor in Bldg

Address

321 LINCOLN S

City

Clearwater

State/county

Zip/Postal Code

33756

Area

Hibiscus Gardens

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,742

Maint Fee

$--

Tax Year

2024

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