LinCourt - 3 Assets
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LinCourt - 3 Assets
3 Properties Offered at $3,500,000 in Clearwater, FL
Investment Highlights
- Contact John Doyle: (813) 376-5369
Executive Summary
Doyle & McGrath Real Estate is pleased to present an income-earning asset with 2 additional potential income streams located
in Clearwater, FL.
LinCourt Medical Office - 501 S Lincoln Ave
A free-standing 18,040 square foot medical/professional office building with 14,394 leasable square feet comprised of 13 individual office condos. Located on Gulf-to-Bay Blvd and Highway 60 with excellent area traffic counts of 40,500+ vehicles per day and great demographics. Ample parking; totaling 60 spaces in a newly restriped parking lot.
The building ownership is currently set up as individual condominium units, but all now are owned by the building owner.
The structure remains in place to facilitate a future owner monetizing upside by selling each condominium unit separately
or in groups. There are six condominium units on the first floor and seven on the second floor. Lincourt Medical Association, Inc. is the conduit for ongoing condominium operations.
1240 Rogers Street
A free-standing 704-square-foot office building that was renovated in 2020 with new finishes, luxury vinyl plank flooring, and interior and exterior paint. The layout consists of a waiting room, two large workspaces, and a restroom.
Turner Street Vacant Pad
A vacant lot South of LinCourt Medical Office can accommodate a 4,700-square-foot building to enhance income.
Located in the Tampa-St. Petersburg Metro Area with a population of 2.9 million residents. In close proximity to the Clearwater Business District, government offices, and only 5 minutes from downtown Clearwater and Morton Plant Hospital (BayCare). Just 15 miles from Tampa International Airport, 9 miles from St. Petersburg-Clearwater Airport, and easy access to all major interstate systems. The area offers nearby amenities, including daycare, restaurants, retail services, and entertainment.
See attached OM for more details.
in Clearwater, FL.
LinCourt Medical Office - 501 S Lincoln Ave
A free-standing 18,040 square foot medical/professional office building with 14,394 leasable square feet comprised of 13 individual office condos. Located on Gulf-to-Bay Blvd and Highway 60 with excellent area traffic counts of 40,500+ vehicles per day and great demographics. Ample parking; totaling 60 spaces in a newly restriped parking lot.
The building ownership is currently set up as individual condominium units, but all now are owned by the building owner.
The structure remains in place to facilitate a future owner monetizing upside by selling each condominium unit separately
or in groups. There are six condominium units on the first floor and seven on the second floor. Lincourt Medical Association, Inc. is the conduit for ongoing condominium operations.
1240 Rogers Street
A free-standing 704-square-foot office building that was renovated in 2020 with new finishes, luxury vinyl plank flooring, and interior and exterior paint. The layout consists of a waiting room, two large workspaces, and a restroom.
Turner Street Vacant Pad
A vacant lot South of LinCourt Medical Office can accommodate a 4,700-square-foot building to enhance income.
Located in the Tampa-St. Petersburg Metro Area with a population of 2.9 million residents. In close proximity to the Clearwater Business District, government offices, and only 5 minutes from downtown Clearwater and Morton Plant Hospital (BayCare). Just 15 miles from Tampa International Airport, 9 miles from St. Petersburg-Clearwater Airport, and easy access to all major interstate systems. The area offers nearby amenities, including daycare, restaurants, retail services, and entertainment.
See attached OM for more details.
Property Facts
| Price | $3,500,000 | Number of Properties | 3 |
| Price / SF | $231.82 / SF | Individually For Sale | 0 |
| Cap Rate | 5.13% | Total Building Size | 15,098 SF |
| Sale Type | Investment or Owner User | Total Land Area | 2.61 AC |
| Status | Active |
| Price | $3,500,000 |
| Price / SF | $231.82 / SF |
| Cap Rate | 5.13% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 15,098 SF |
| Total Land Area | 2.61 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
LinCourt Medical Office
501 S Lincoln Ave, Clearwater, FL 33756 |
Office | 14,394 SF | 1970 | - |
| 1240 Rogers St, Clearwater, FL 33756 | Office | 704 SF | 1959 | - |
|
Turner Street Vacant Pad
0 Turner St, Clearwater, FL 33756 |
Land | 1.25 AC | - | - |
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LinCourt - 3 Assets
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