$3,390,000 USD
813-436-9209
2198 Coachman Rd NE
Clearwater, FL 33765
North Clearwater
HIGHLIGHTS
- Fully Occupied – Fully leased strip center delivering immediate income, with upside potential to increase value over time.
- Below Market Rents – Average gross rents of $16.98/SF offer upside potential to align with market, increasing income and property value.
- Low Price/SF Basis – The property is coming to market priced well below replacement cost at $167.49 PSF
- Ample Parking – Coachman Plaza houses 98 parking spaces, reflecting a parking ratio of 4.84 spaces per 1,000 square feet of leasable area.
- Low Vacancy Market – Located in one of Florida’s densest retail markets, with a current vacancy rate of just 3.6%
- Short Term/Gross Leases – With a weighted average lease term of 1.86 years, these leases offer upside potential through conversion to a NNN structure
FOR SALE DETAILS
PRICE
$3,390,000 USD
PRICE/SF
$300 USD /SF
CAP RATE
6.78%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Coachman Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.7 AC
LAND SF
74,052 SF
ZONING
C, Clearwater
APN/PARCEL ID
12-29-15-70182-400-1602
ASK ABOUT THIS PROPERTY
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813-436-9209
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813-436-9209
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