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1745 Drew St
Clearwater, FL 33755
Drew St. plaza · Retail Property For Sale
Executive Summary
This is a prime opportunity to get into a great signalized street corner, 5 unit strip mall.
Rent is around $3 under market on 4 of the units and has plenty of room for growth on new leases.
all tenants have been in the plaza for over 3 years with the longest almost 18yrs.
Projected NOI $100,000+ with new leases
Great location in the heart of Clearwater, FL
Tenants
unit 1 Hair salon
unit 2 Mexican market/Deli/Restaurant
unit 3 Barber
unit 4 Nutrition store
unit 5 smoke shop but will be vacant soon.
Investment highlights
Signalized corner
New Sign
Established Tenants
Busy intersection
leases are ready to be renewed for market rate
Rent is around $3 under market on 4 of the units and has plenty of room for growth on new leases.
all tenants have been in the plaza for over 3 years with the longest almost 18yrs.
Projected NOI $100,000+ with new leases
Great location in the heart of Clearwater, FL
Tenants
unit 1 Hair salon
unit 2 Mexican market/Deli/Restaurant
unit 3 Barber
unit 4 Nutrition store
unit 5 smoke shop but will be vacant soon.
Investment highlights
Signalized corner
New Sign
Established Tenants
Busy intersection
leases are ready to be renewed for market rate
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,200 SF
Building Class
C
Year Built/Renovated
1974/2008
NOI
$90,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.50 AC
Zoning
C - Commercial
Parking
20 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 14-29-15-82404-003-0010 | Improvements Assessment | $428,844 |
| Land Assessment | $276,156 | Total Assessment | $705,000 |
Property Taxes
Parcel Number
14-29-15-82404-003-0010
Land Assessment
$276,156
Improvements Assessment
$428,844
Total Assessment
$705,000
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