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Gelfand Realty Miami Properties - Commercial

1227 S LINCOLN, CLEARWATER, FL 33756

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Commercial - OAKLAND HGTS

1227 S LINCOLN, CLEARWATER, FL 33756

Sold Price$370,000 Asking Price$435,000

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  • Days on market:

    105 day(s)
  • Original Price:

    $449,000
  • Price per sqft:

    $34.8
  • Tax Legal Description:

    OAKLAND HEIGHTS LOT 35
  • Tax Year:

    2012
  • Property Type:

    Commercial
  • Special Listing Conditions:

    None

Description

$435,000 • living size area 12500 sqft

Fantastic opportunity to acquire 12,500 sf of industrial/office space in clearwater. three parcels, two buildings, building one; 8,000 sf fully leased, market rate with 2 years left. building two; 4,500 sf was converted to offices (new kitchen, bathroomsetc.) currently vacant. priced aggressively at $36 per sf, recent comps for trade area around $50, appraisal (from 2013), came in at $550k. both buildings been inspected in past thirty days with excellent results, phase 1 environmental also done. all duediligence materials available upon request, appraisal, phase 1, building inspection, financial pro forma. could be ideal for 'owner occupier', collect good rental income from building one and operate business from building two. buildings can be sale separately.

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