701 N Hercules Ave - Medical FOR SALE


Clearwater, FL 33765- North Clearwater
$1,900,000 USD
727-366-2606
701 N Hercules Ave, Clearwater, FL for Sale
$1,900,000 USD
Medical - FOR SALE
1/72
null | Request Cap Rate

701 N Hercules Ave
Clearwater, FL 33765
North Clearwater


HIGHLIGHTS

  • Five-tenant office building.
  • Staggered lease expirations.
  • Daily traffic count of 22,052.
  • Owner user opportunity

OVERVIEW

10,400 SF Medical Office Building for Owner-User Purchase – North Clearwater Excellent opportunity for a medical practitioner or small group to own and occupy in a well-established, multi-tenant medical office building. This 5-tenant property currently features several established medical tenants, creating an immediate professional medical environment. One or more suites are currently vacant and ready for immediate occupancy, allowing you to move in and begin practicing with minimal delay. The income from the existing tenants can significantly help offset or fully cover your debt service, providing strong financial support from day one. The building offers staggered lease expirations, giving you both flexibility and excellent upside potential through future rent increases and growing Net Operating Income (NOI). Key Highlights: Prime Location: North Clearwater, directly across from Clearwater Air Park High Visibility: 22,052 cars per day Large Site: Over one acre with abundant parking Low Flood Risk: Located in desirable Flood Zone X Excellent Signage: Prominent stand-alone pylon sign This is a rare chance to own your own medical office building in a proven medical location, benefit from built-in tenant income, and position your practice for long-term success and equity growth.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hercules Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

O, Clearwater

APN/PARCEL ID

12-29-15-98940-001-0030

ASK ABOUT THIS PROPERTY

Brad MeinckAsset and KeyMore Info
727-366-2606

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Brad MeinckAsset and KeyMore Info
727-366-2606

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