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1253 Park St
Clearwater, FL 33756
Richards Bldg · Office Property For Sale
Executive Summary
Great opportunity for investment or development. Inside was renovated in 2020 with new flooring and paint. Building is 80% occupied and has an elevator and 50 parking surface parking spaces. Open to 1031 Exchanges! Projected NOI@full occupancy: $128,968 Cap rate Projected: 8.2. Building has 9 offices vacant. Perfect for Owner occupant.
Reduced $250,000 Owner says sell. All offers considered. Owner is Licensed Real Estate Broker. Property could be a good re-development. Zoning is Commercial-Clearwater.
Priced under recent Appraisal. Vacant offices start at $400 per month
Reduced $250,000 Owner says sell. All offers considered. Owner is Licensed Real Estate Broker. Property could be a good re-development. Zoning is Commercial-Clearwater.
Priced under recent Appraisal. Vacant offices start at $400 per month
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,894 SF
Building Class
B
Year Built/Renovated
1957/1977
Price
$1,450,000
Price Per SF
$97.35
Cap Rate
5.92%
NOI
$85,848
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,447 SF
Building FAR
0.57
Lot Size
0.60 AC
Zoning
O - Office
Parking
49 Spaces (3.29 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Kitchen
- Fully Carpeted
- Natural Light
- Reception
- Wi-Fi
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $834,332 | |
| Land Assessment | $411,654 | Total Assessment | $1,245,986 |
Property Taxes
Parcel Numbers
Land Assessment
$411,654
Improvements Assessment
$834,332
Total Assessment
$1,245,986
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