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602 S MARTIN LUTHER KING JR AVENUE
CLEARWATER FL 33756 US

$1,155,000

Active Listing ID U8223569
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Lot: 0.39 Acres
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Office

$1,155,000

Active Listing ID U8223569
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602 S MARTIN LUTHER KING JR AVENUE This newly renovated investment property, fully leased with a government tenant, presents a unique and appealing opportunity for investors seeking stability and minimal maintenance. The ten-year lease with a government tenant ensures a dependable and consistent income stream, boasting a 7.5% CAP rate. Government tenants provide enhanced investment stability due to their reliable payment schedules and low default risk, making this an attractive option for discerning investors. The recent comprehensive renovations include new electrical systems, plumbing, roofing, air conditioning units, ductwork, interior framing, insulation, and fresh paint, ensuring minimal maintenance costs and a hassle-free ownership experience. Investors can effortlessly acquire a well-maintained and operational asset without needing extensive updates. Don't miss the chance to enhance your portfolio with this premium property. Contact the listing broker for detailed financial information, including rent rolls and lease specifics.

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Property Features

  • Facts
  • Lot Size: 0.39 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Office

Property

  • propertytype: Commercial Sale
  • propertysubtype: Office
  • listprice: 1155000
  • unparsedaddress: 602 S MARTIN LUTHER KING JR AVENUE
  • postalcity: CLEARWATER
  • stateorprovince: FL
  • country: US
  • postalcode: 33756
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.39
  • lotsizeunits: Acres
  • lotsizearea: 0.39
  • livingarea: 4400
  • livingareaunits: Square Feet
  • latitude: 27.959171
  • longitude: -82.791934
  • listagentfullname: Drew Moser
  • listagentemail: drewmoserrealtor@gmail.com
  • listagentkey: 3yd-PINELLAS-260044685
  • listagentmlsid: 260044685
  • listagentpreferredphone: 7276410151
  • listagentofficephone: 7273143942
  • listofficekey: 3yd-PINELLAS-261556673
  • listagentstatelicense: 3404374
  • listofficemlsid: 261556673
  • disclaimer: Copyright © 2024 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PINELLAS
  • yearbuilt: 1964
  • listingcontractdate: 2023-12-12
  • countyorparish: Pinellas
  • parcelnumber: 15-29-15-54450-023-0150
  • constructionmaterials: Block
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.79193, 27.959171
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"MAVREALTY", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"drewmoserrealtor@gmail.com", "ListBrokerageCity":"Clearwater", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"MAVREALTY", "ListBrokeragePhone":"813-579-2816", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1180 Ponce De Leon BLVD 601", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"232 Indian Rocks Rd", "ListOfficeAddress2":"Suite B", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Belleair Bluffs", "ListOfficeCountry":"US", "ListOfficeEmail":"adam@mavrealty.com", "ListOfficePostalCode":"33770", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Office - CLEARWATER, FL", "ListingURL":"https://listings.listhub.net/pages/PINELLAS/U8223569/?channel=rexren", "MLSModificationTimestamp":"2024-09-04T13:03:26Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6192, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/12/2024 11:04:22 PM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Drew Moser, MAVREALTY, drewmoserrealtor@gmail.com

Copyright © 2024 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.