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DT Clearwater Medical Office Bldg. 321 S Lincoln Ave 2,059 SF Office Building Clearwater, FL 33756 $500,000 ($242.84/SF)
INVESTMENT HIGHLIGHTS
- Free-standing medical office Building.
- Downtown Clearwater
- Corner parcel.
EXECUTIVE SUMMARY
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.
Nine 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.
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.
Nine 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.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$41,180
|
$20.00
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $41,180 |
| Annual Per SF | $20.00 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,059 SF
Building Class
B
Year Built/Renovated
1957/1994
Price
$500,000
Price Per SF
$242.84
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,059 SF
Building FAR
0.28
Lot Size
0.17 AC
Zoning
D-Downtown - Property is within the City of Clearwater Central Business District and zoned D – Downtown.
Parking
5 Spaces (2.43 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Reception
- Air Conditioning
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 15-29-15-38574-009-0120 | Improvements Assessment | $154,324 (2025) |
| Land Assessment | $130,676 (2025) | Total Assessment | $285,000 (2025) |
PROPERTY TAXES
Parcel Number
15-29-15-38574-009-0120
Land Assessment
$130,676 (2025)
Improvements Assessment
$154,324 (2025)
Total Assessment
$285,000 (2025)
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DT Clearwater Medical Office Bldg. | 321 S Lincoln Ave
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