2198 Coachman Rd NE - Retail FOR SALE
Clearwater, FL 33765 |
2198 Coachman Rd NE
Clearwater, FL 33765
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
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Coachman Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
20240
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
12-29-15-70182-400-1602
