Commercial for Sale: 602 S MARTIN LUTHER KING JR AVENUE, CLEARWATER, FL 33756

$1,069,000
$1,069,000
602 S MARTIN LUTHER KING JR AVENUE, CLEARWATER, FL 33756
$1,069,000
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Floor Plans
Price:
$1,069,000
$86,000 - 12/09/2024

Type Commercial
Total Living Area 4,400 sqft
Lot Size 0.39 acres
Year Built 1964
Taxes Paid $6,192

City CLEARWATER
Area 33756 - Clearwater/Belleair
County Pinellas
Subdivision MAGNOLIA PARK

MLS U8223569
Status Active
DOM 336 days
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.

Virtual Tours for 602 MARTIN LUTHER KING JR AVENUE CLEARWATER, FL

Lot & Building Features

Construction Block
Cooling Central Air
Tax Year 2022
Taxes Paid $6,192
Lot Dimensions 98x175 ft

Price History of 602 MARTIN LUTHER KING JR AVENUE, CLEARWATER, FL

Date Name Price Difference
12/09/2024 Price Adjustment $1,069,000 7.45%
12/31/1969 Listing Price $1,155,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 602 MARTIN LUTHER KING JR AVENUE, CLEARWATER, FL

Location Map Street View
Photo of Megan Kesky
Direct: 704-910-9431
Office
1201 6th Ave W
Bradenton, FL 34205
888-804-9992
Listed by MAVREALTY, Drew Moser
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20%
0.57923292797007%
6.75%
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602 MARTIN LUTHER KING JR AVENUE (MLS #U8223569) is a commercial listing located in CLEARWATER, FL. This is a commercial listing with a lot of 16,988 sqft (or 0.39 acres). This property was listed on 09/20/2024 and has been priced for sale at $1,069,000.

Nearby zip codes are 33755, 33767, 33770 and 33776. This property neighbors other cities such as Belleair, Clearwater Beach and Largo.

Stellar MLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: MAVREALTY