Address602 South Martin Luther King Jr Avenue, CLEARWATER, FL, 33756
Price$1,195,000
- Commercial Sale
- 4,400 SQ FT
- Built in 1964
Under contract-accepting backup offers. This fully leased, newly renovated investment property with a government tenant offers a rare and compelling opportunity for investors seeking stability and low maintenance. With a ten-year lease in place featuring a government tenant, the investment promises a reliable and consistent income stream. The presence of a government tenant enhances the stability of the investment. Government leases often come with reliable payment schedules and a low risk of default, making it an attractive option for discerning investors. Enjoy the peace of mind that comes with the recent renovations --the comprehensive overhaul, includes new electrical systems, plumbing, roof, air conditioning units, ductwork, interior framing, insulation, and fresh paint. This translates to minimal maintenance costs and a hassle-free ownership experience, so investors can seamlessly step into a well-maintained and operational asset without the need for extensive renovations or updates. Seize the chance to add a premium asset to your portfolio and capitalize on the unique features and advantages that this property presents. Call or message the listing broker for further details regarding the financials including rent rolls and lease specifics.
Essential Information
- MLS® #U8223569
- Price$1,195,000
- Bathrooms0.00
- Square Footage4,400
- Acres0.39
- Price/SqFt$272 USD
- Year Built1964
- TypeCommercial Sale
- Sub-TypeOffice
- StatusPending
Community Information
- AreaClearwater/Belleair
- SubdivisionMAGNOLIA PARK
- CityCLEARWATER
- CountyPinellas
- StateFL
- Zip Code33756
Address
602 South Martin Luther King Jr Avenue
Interior
- CoolingCentral Air
- # of Stories1
Exterior
- FoundationSlab
Additional Information
- Date ListedDecember 12th, 2023
- Days on Market153
Listing Details
- OfficeMAVREALTY
Price Change History for 602 South Martin Luther King Jr Avenue, CLEARWATER, FL (MLS® #U8223569)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Pending | – | |
| Price Reduced from $1,400,000 to $1,195,000 |
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than NV Realty Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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