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Gelfand Realty Miami Properties - Commercial

912 DREW, CLEARWATER, FL 33755

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Commercial - PLAZA PARK

912 DREW, CLEARWATER, FL 33755

Sold Price$555,000 Asking Price$619,000

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  • Days on market:

    67 day(s)
  • Original Price:

    $619,000
  • Price per sqft:

    $66.13
  • Tax Legal Description:

    PLAZA PARK BLK A LOTS 7 AND 8 LESS ST
  • Tax Year:

    2013
  • Property Type:

    Commercial
  • Special Listing Conditions:

    None

Description

$619,000 • living size area 9360 sqft

Great office building in good condition. currently 1/3 leased. there are excellent suites available to lease out or used by new owner occupant. one suite on the second floor available is 2,767 sq ft and can be occupied with little preparation. an additional 1,665 sq ft on the second floor can be added to this to make 4,432 sq ft available on the second floor. on the first floor there is a suite of 1,460 sq ft available that is almost ready for occupancy. as an income property full leased the cap rate is 12% at full occupancy. there are 22 parking spaces in the parking lot. this building is priced at $66 per sq ft which is a good price for a building of this caliber. it is also a great place to lease office space.

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