3220 N McMullen Booth Rd - Medical FOR SALE


Clearwater, FL 33761- North Clearwater
$9,595,000 USD
727-460-2201
3220 N McMullen Booth Rd, Clearwater, FL for Sale
$9,595,000 USD
Medical - FOR SALE
1/10
null | 5% Cap Rate

3220 N McMullen Booth Rd
Clearwater, FL 33761
North Clearwater


HIGHLIGHTS

  • Directly across from Mease Countryside Hospital, a 387-bed facility
  • Fully leased to three established medical tenants
  • Built between 2020–2024 with modern, first-generation buildouts
  • Monument signage and signalized access on McMullen Booth Road
  • Located in a high-demand healthcare corridor within Tampa Bay Metro
  • Florida’s no state income tax enhances investor returns

OVERVIEW

Positioned directly across from Mease Countryside Hospital, this fully leased medical office building presents a rare opportunity to acquire a stabilized healthcare asset in one of Tampa Bay’s most sought-after medical corridors. Built in 2020 with final tenant buildout completed in 2024, the property spans 2.04 acres and features three first-generation tenants: Eyecare Physicians of Pinellas, Quest Diagnostics, and American Oncology Network. Each suite was custom-designed to meet the operational needs of its occupant, ensuring long-term tenancy and consistent income. The building offers excellent visibility along McMullen Booth Road with signalized ingress and egress, monument signage, and abundant parking including 72 onsite spaces and 120 shared adjacent spaces. Located within the Clearwater/Safety Harbor submarket, the site benefits from proximity to retail, dining, and residential communities, as well as easy access to Tampa International Airport and major highways. Florida’s favorable tax climate, including no state income tax, enhances investor returns. The Tampa Bay Metro continues to attract healthcare and life sciences companies, supported by a strong talent pool and collaborative business environment. With a current net operating income of $480,129 and a 5% cap rate, this property offers immediate cash flow and long-term upside in a high-demand medical market.

FOR SALE DETAILS

PRICE

$9,595,000 USD

PRICE/SF

$669 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

I

APN/PARCEL ID

21-28-16-00000-220-0700

ASK ABOUT THIS PROPERTY

John QuattrockiTHE BOARDWALK COMPANYMore Info
727-460-2201

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John QuattrockiTHE BOARDWALK COMPANYMore Info
727-460-2201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.