602 S Martin Luther King Jr AVENUE
CLEARWATER, FL, 33756

Price$1,069,000
Beds0
Baths0
SqFt4,400

Status:Active
Property Type:Commercial
School:
This newly renovated investment property, fully leased with a government tenant, presents a unique and appealing opportunity for investors seeking stability and minimal maintenance. The ten-year lease with a government tenant ensures a dependable and consistent income stream, boasting a 7.5% CAP rate. Government tenants provide enhanced investment stability due to their reliable payment schedules and low default risk, making this an attractive option for discerning investors.

The recent comprehensive renovations include new electrical systems, plumbing, roofing, air conditioning units, ductwork, interior framing, insulation, and fresh paint, ensuring minimal maintenance costs and a hassle-free ownership experience. Investors can effortlessly acquire a well-maintained and operational asset without needing extensive updates.

Don’t miss the chance to enhance your portfolio with this premium property. Contact the listing broker for detailed financial information, including rent rolls and lease specifics.


Listing provided by: MAVREALTY, Drew Moser

Source: Stellar MLS, MLS#: U8223569

Price $1,069,000
Total Baths 0
Lot Size 98 x 175
Lot Size Area 17071
Lot Size Area Units Square Feet
Acres 0.39
Property Type Commercial
Sub type OfficeSpace
MLS Sub type Office
Year Built 1964
Subdivision MAGNOLIA PARK
Foundation Slab
Directions From Court St…south on MLK to Turner
County Pinellas
Latitude 27.959171
Longitude -82.791934
Market Area 33756 – Clearwater/Belleair
Address 602 S Martin Luther King Jr AVENUE, CLEARWATER, FL 33756
Postal Code 33756
City CLEARWATER
State FL
Country United States
Listing Office MAVREALTY
Listing Office Phone 727-314-3942
Listing Agent Drew Moser
Listing Agent Phone 727-641-0151
Special listing conditions None
Ownership Corporation
Terms Cash, Conventional
Virtual Tour URL https://www.propertypanorama.com/instaview/stellar/U8223569
Days on market 297
MLS Status Active
Listing Date Dec 12, 2023
Listing Last Modified Dec 9, 2024
Tax ID 152915544500230150
Tax Year 2022
Tax Annual Amount 6192
MLS Area 33756 – Clearwater/Belleair
MLS # U8223569

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