For Sale
$2,990,000
1401 Cleveland StClearwater, FL 33755
High-traffic retail plaza, 17 units, strong NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- $2,990,000 asking price for this 14,352 square foot retail shopping center in Clearwater, Florida.
- Located at 1401 Cleveland St, Clearwater, FL 33755, this property features 17 units, each with separate utilities.
- Currently boasting 100% occupancy, the property generates a $198,000 NOI, with a pro-forma NOI of $244,000 and a pro-forma cap rate of 8.16%.
- Built in 1958, this 0.97-acre property benefits from recent upgrades and a prime location in Clearwater's revitalized Gateway area, adjacent to a new weekend market.
- The property's price per square foot is $208.33, and it offers a current cap rate of 6.62%.
Property Details for 1401 Cleveland St
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 14,352 SF
- Year Built
- 1958
- Lot Size (sq. ft)
- 42,253 SF
- Units
- 17
Location Insight
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Latitude
- 27.965625399197
- Longitude
- -82.778451701196
1401 Cleveland St, Clearwater, Florida
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