321 S Lincoln Avenue, Clearwater, FL 33756
- $490,000
- 2,059
- SqFt
- List Price
- $490,000
- Status
- Active
- Days on Market
- 204
- Price Change
- ▼ $10,000 1782334261
- MLS#
- TB8461607
- Property Style
- Office
- Year Built
- 1957
- Living Area
- 2,059
- Lot Size
- 7,296
- Acres
- 0.17
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Hibiscus Gardens
- MLS Area Major
- Clearwater/Belleair
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.
Additional Information
- Taxes Annual
- $4742
- Community Features
- No Deed Restriction
- Utilities
- Public
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Parking Spaces - 6 to 12
- Flood Zone Code
- X
- Parcel ID
- 15-29-15-38574-009-0120
- Legal Description
- HIBISCUS GARDENS BLK I, LOT 12
Listing courtesy of COLDWELL BANKER COMMERCIAL NRT. 561-376-4111
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