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3087 Cherry Ln

7,000 SF Vacant Office Building Clearwater, FL 33759 $2,099,000 ($300/SF)

Investment Highlights

  • Incredible high traffic of 200,000 ppl driving by daily.
  • Out of flood zone (30 feet above sealine).
  • Price includes adjacent buildable lot - 3075 Cherry Lane.
  • Quick access to Tampa and Clearwater.
  • Seller financing offered for $1,000,000 and first position.
  • Commercial grade efficient HVAC system, 3 phase power, and fire suppressor systems.

Executive Summary

Looking 4 a perfect office & a Penthouse residence in a mixed use building w SELLER FINANCE on 1st million at 6.5%? Once in a Lifetime
Opportunity for End-User to convert this LMDR Mansion into Mixed use / Medical office / hotel & possibly add a Penthouse floor on rooftop to live luxuriously w stunning Water View. 2 PARCELS included: 3075 and 3087 Cherry as u may need extra parking 2 convert. Property offers quick access location w INCREDIBLE HIGH TRAFFIC of 200,000 ppl driving by daily - see traffic count pic & Notes on Conversion to Hotel, Office, Mixed Use or Medical Office Institutional Use Enclosure of 11 page took years to research at no cost to u - Buyer to verify all info incl sqft & zoning & advised to consult proper professionals 4 due diligence.
*No info or conversion guaranteed. Buyer to verify all info.
We consulted an attorney who successfully completed conversions to I (Institutional) use for most surrounding properties & he estimates the conversion legal costs to be $15,000, result NOT guaranteed but most likely a Medical Office use win Institutional Zoning for end user would make sense if the buyer is end user & hires proper professionals incl civil engineer, architect & a zoning attorney to do the conversion. RaceCarMansion was originally built at "no cost spared budget" by an arrogant Aerospace engineer/ multi millionaire who brought IndyCar Racing to Tampa & wanted team mates to stay on site & his kids to attend the leading private school next door (Calvary school that owns most surrounding parcels & converted them to use). Property appears to have been originally built to a superior commercial st&ard while including high end residential details like a stunning cheff's kitchen w oversized subzero side by side refrigerator & freezer, German Miele appliances - ovens, gas cooktop, dishwasher, built-in coffee maker, wine cooler & 3 costly copper sinks! To commercial st&ard are signaling cement w metal reinforcement construction, built in fire protection system w ceiling sensors w sprinklers area activation, firefighter hose hook-ups on every level, 3 phase power, oversized huge elevator & multi zone Japanese Dykin AC/ Heating system VRF. Presently property is used as following: 1st floor: storage & XXL garage w 2 bays 16' wide * 7' tall door is the largest; 2nd floor: front entry foyer - main doors just replaced - flex space w cement floors, 2 wall AC Dykin units (presently used for storing & shipment); 3rd level: 4 master suites feat walk-in closets, full bath; video tech room w $200,000+ in equipment that runs the 40 tv wall on the 4th floor; laundry room & living room; 4th level: office; cheff's kitchen adorned in cherry wood; top of the line appliances; surround sound & video entertainment system w 32 approx smart tvs, dining room, living rooms so large - one used to hold a full size original Mercedes model. NO Attic. 5th Level; Walk Out Water View rooftop terrace. Terrace has cameras looking in 4 directions signal from which transmits to appropriate walls of the 4th floor - replacing the window views. Will u add a Penthouse or Hottub to Rooftop w views of Tampa Bay & Bayside Bridge? This property gem offers great work & office space making this LUXURY residence a perfect executive home / retreat. Check out virtual tours, youtube attached materials. Is this YOUR Medical Office Building awaiting you? Buy turn key: just $39,999 4 appliance - furnishings - decor package; personal items & some art excluded.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Lease Option
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
2012/2022
Price
$2,099,000
Price Per SF
$300
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,330 SF
Building FAR
0.64
Land Acres
0.25 AC
Zoning
LDMR - low medium density residential
Parking
30 Spaces (4.29 Spaces per 1,000 SF Leased)

Amenities

  • Central Heating
  • Air Conditioning
  • Listing ID: 32070840

  • Date on Market: 6/8/2024

  • Last Updated:

  • Address: 3087 Cherry Ln, Clearwater, FL 33759

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