Address
602 S Martin Luther King Jr AVENUE, CLEARWATER, FL
Price
$ 1,195,000
Property Attributes
- MLS#U8223569
- TypePending
- CountyPINELLAS
- CityCLEARWATER
- AreaClearwater-Belleair
- NeighborhoodMagnolia Park
- Zip33756
- StyleOffice
- Year Built1964
- Taxes$ 6192
- Price$ 1,195,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4400
- Lot Size0.39 Acres
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. This fully leased, newly renovated investment property with a government tenant offers a rare and compelling opportunity for investors seeking stability and low maintenance. With a ten-year lease in place featuring a government tenant, the investment promises a reliable and consistent income stream. The presence of a government tenant enhances the stability of the investment. Government leases often come with reliable payment schedules and a low risk of default, making it an attractive option for discerning investors. Enjoy the peace of mind that comes with the recent renovations --the comprehensive overhaul, includes new electrical systems, plumbing, roof, air conditioning units, ductwork, interior framing, insulation, and fresh paint. This translates to minimal maintenance costs and a hassle-free ownership experience, so investors can seamlessly step into a well-maintained and operational asset without the need for extensive renovations or updates. Seize the chance to add a premium asset to your portfolio and capitalize on the unique features and advantages that this property presents. Call or message the listing broker for further details regarding the financials including rent rolls and lease specifics.
| Price History | |
|---|---|
| 12/12/2023 | Listed $1,400,000 |
| 1/24/2024 | 15% - $1,195,000 |
General Features
| Cooling | Central Air |
|---|---|
| Construction Materials | Block |
| Year Built | 1964 |
| Property SubType | Office |
| Tax Year | 2022 |
| Percent Ownership | Corporation |
| County | Pinellas |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | MAGNOLIA PARK |
| Status | Pending |
| Directions | From Court St...south on MLK to Turner |
| City | CLEARWATER |
| Buyer Agent Compensation | 2.5%-$399 |
| MLS Area | 33756 - Clearwater/Belleair |
| Lot Size Square Feet | 17071 |
| Waterfront Y/N | No |
| Street Name | Martin Luther King Jr |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 6192 |
| Public Remarks | Under contract-accepting backup offers. This fully leased,newly renovated investment property with a government tenant offers a rare and compelling opportunity for investors seeking stability and low |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8223569 |
| Days on Market | 106 |
| Standard Status | Pending |
| Tax Lot | 15 |
| Legal Description | MAGNOLIA PARK BLK 23,LOTS 15 AND 16 |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Total Stories | 1 |
|---|---|
| Air Conditioning Y/N | Yes |
| Street Suffix | AVENUE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Lot Size Area | 17071 |
|---|---|
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Building Area Total | 4400 |
| Lot Dimensions | 98 x 175 |
| Lot Size Acres | 0.39 |
| Road Surface Type | Asphalt |
| Lot Size Units | Square Feet |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 33756
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on May 14, 2024 10:03 AM UTC The listing information on this page last changed on Last updated on May 14, 2024 10:03 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 14, 2024 10:03 AM UTC
