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

Owner-user opportunity with a multi tenant office building with a majority of medical users in place. Staggered lease expirations provide flexibility and upside through future rent increases and NOI growth. Ideally located in north Clearwater across from Clearwater Air Park, with a daily traffic count of 22,052. Chance to leverage tenant income to offset owner-user debt service.

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

B

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.