404 S Martin Luther King Jr Ave
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404 S Martin Luther King Jr Ave
10,240 SF 100% Leased Office Building Clearwater, FL 33756 $1,975,000 ($193/SF)
Investment Highlights
- Office Loft/industrial Office
Executive Summary
Presenting an investment opportunity in the esteemed Prospect Lake Character District of downtown Clearwater, Florida.
This meticulously positioned loft-style industrial office loft spans 10,240 square feet, offering an exclusive canvas for tailored business endeavors. Situated within an Opportunity Zone, this property provides a strategic advantage with potential tax incentives. Its versatile design accommodates various professional applications, from executive offices to creative workspaces. To secure a private viewing and explore the refined potential of this investment, please contact us at your earliest convenience.
This meticulously positioned loft-style industrial office loft spans 10,240 square feet, offering an exclusive canvas for tailored business endeavors. Situated within an Opportunity Zone, this property provides a strategic advantage with potential tax incentives. Its versatile design accommodates various professional applications, from executive offices to creative workspaces. To secure a private viewing and explore the refined potential of this investment, please contact us at your earliest convenience.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
10,240 SF
Building Class
C
Year Built
1974
Price
$1,975,000
Price Per SF
$193
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,240 SF
Building FAR
0.45
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
OFF - D Zoning.
Future land Use: Prospect Lake Character
50 Units per acre, maximum height 75 feet (7 stories),
Building FAR 1.5
Parking
22 Spaces (0.59 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 15-29-15-16830-004-0110 | Improvements Assessment | $488,827 |
| Land Assessment | $251,173 | Total Assessment | $740,000 |
PROPERTY TAXES
Parcel Number
15-29-15-16830-004-0110
Land Assessment
$251,173
Improvements Assessment
$488,827
Total Assessment
$740,000
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404 S Martin Luther King Jr Ave
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